Moody's upgrades Bank CenterCredit rating to Ba1
Moody's Ratings (Moody's) has upgraded the following ratings and assessments of Bank CenterCredit (BCC): long-term local and foreign currency deposit ratings to Ba1 from Ba2. The outlooks on the bank's long-term deposit ratings remain positive.
Concurrently, we upgraded BCC's long-term national scale bank deposit rating to A1.kz from A3.kz and affirmed its long-term national scale CRR at A1.kz.
The upgrade of BCC's long-term national scale deposit rating reflects improvements of credit metrics such as asset quality, solvency and profitability, which position the bank more strongly within the national scale rating bands corresponding to the global scale ratings.
Bank CenterCredit is one of the top three largest banks in Kazakhstan and serves over three million customers in all regions of the country.
License No.1.2.25/195/34 dated 03 February 2020 issued by the ARDFM RK