Fitch Rates Halyk Bank Georgia 'BB-'; Outlook Stable

April 16, 2015 10:08 AM

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(The following statement was released by the rating agency) MOSCOW/LONDON, April 16 (Fitch) Fitch Ratings has assigned JSC Halyk Bank Georgia a Long-term foreign currency Issuer Default Rating (IDR) of 'BB-' with a Stable Outlook.

A full list of rating actions is at the end of this rating action commentary. KEY RATING DRIVERS Halyk Bank Georgia's ratings are driven by potential support the bank may receive, if needed, from its parent, Halyk Bank of Kazakhstan (BB/Stable). Support considerations take into account the full owne...

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