February 17, 2017 | Cbonds
S&P Global Ratings lowered its long- and short-term counterparty credit ratings on Delta Bank JSC to 'D/D' (default) from 'CC/C'. We also lowered our ratings on the bank's senior unsecured bonds to 'D' from 'CC'.
At the same time, we lowered our Kazakhstan national scale ratings on Delta Bank to 'D' from 'kzCC'.
Company: Delta Bank
|Full company name||AO "Delta Bank" (previous name: OAO "Neftebank")|
|Country of risk||Kazakhstan|
|Country of registration||Kazakhstan|