S&P Global Ratings has upgraded its rating outlook for Alfa-Bank (Kazakhstan) from 'Stable' to 'Positive'

International rating agency S&P Global Ratings has affirmed the credit rating of Alfa-Bank (Kazakhstan) at BB+, and changed the rating outlook to 'Positive', up from 'Stable'.

According to the agency, Alfa-Bank (Kazakhstan) continues to demonstrate high profitability and capitalisation, and the expected asset quality will remain above the market average, which favourably distinguishes Alfa-Bank (Kazakhstan) from comparable Russian and foreign banks.

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