ACRA affirms credit rating of Subsidiary JSC VTB Bank (Kazakhstan) at BBB+, Outlook “Stable”

The Analytical Credit Rating Agency (ACRA) has affirmed the credit rating of Subsidiary JSC VTB Bank (Kazakhstan) under the international scale at BBB+, Outlook “Stable”.

The credit agency assigns the maximum score for VTB (Kazakhstan)’s capital adequacy, and the high score for the “Funding and Liquidity” factor amid a medium business profile and moderately low risk profile, as well as the high likelihood of external support from the shareholder.

In the structure of VTB Kazakhstan’s standalone creditworthiness assessment, ACRA takes into account the fact that the Republic of Kazakhstan (ACRA rating BBB+, outlook Stable) is the Bank’s primary region of presence and business.

The “Stable” outlook assumes that the rating will highly likely stay unchanged within the 12 to 18-month horizon.

For reference
The Analytical Credit Rating Agency (ACRA) was established in 2015. In 2023, ACRA confirmed its compliance with the established criteria of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market (ARDFM). Following the assessment, ARDFM recognized ACRA’s ratings for use by financial organizations to meet prudential standards and limits.