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KzRating / GlobalRating has assigned a credit rating of BB- (stable outlook) to AO Caspian Beverage Holding |
In the agency’s view, this rating is justified by the Company’s competitive brands, a moderate debt burden, broadly stable revenue growth, and moderate operating profits.
Constraining factors include heavy competition in markets where the Company does business, its relatively small size and short history, above-average currency risk, heavy reliance on a single creditor, and the low value of its own funds.
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Agency Chairman’s resolution № 04.2-40/80 dated April 14, 2010, registered in the State Register of regulatory legal acts |
The Agency Chairman’s resolution № 04.2-40/80 dated April 10, 2010 “On amending a few of the Chairman’s resolutions on regulation of activities of the regional financial centre of Almaty” was registered on May 13, 2010 in the state register of regulatory legal acts as № 6226.
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Informational Memorandum Bank Center Credit (credit rating BB stable) |
The Bank is currently being investigated by the financial police and Agency for the Financial Regulation and Supervision ostensibly after the authorities received a collective statement issued by unnamed former and existing employees of the bank.
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KzRating thinks that the period of booming financing prevalent during the growth period is not over |
The Rating agency KzRating has prepared an overview of Kazakhstan’s
banking system as of September 2009. The review estimated the impact of
the crisis on the banking system, the level of risks and the future
development trends of the banking sector.
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