We expect Open Joint-Stock Company ABank's (ABank OJSC; formerly OJSC Aiyl Bank) capitalization will remain strong over the next 12 months, thanks to a recent capital injection of KGS60 billion by the bank's sole shareholder, the State Property Management Fund under the Cabinet of Ministers of the Kyrgyz Republic. Nevertheless, we cap our ratings on ABank at the level of the sovereign credit rating on Kyrgyzstan (B+/Stable/B) due to ABank's predominant exposure to economic risks in Kyrgyzstan and the government's creditworthiness. We therefore affirmed our 'B+/B' long- and short-term issuer credit ratings on ABank OJSC. The stable outlook on ABank mirrors that on the sovereign and reflects our view that strong capital buffers and links with the government will help
