JSC “KDB Bank Uzbekistan” receives affirmation of Credit Ratings from “S&P Global Ratings”
KDB Bank Uzbekistan has received affirmation from “S&P Global Ratings”, maintaining its long- and short-term credit ratings at “BB-/B”. The outlook for the Bank remains stable, reflecting the confidence in KDB Bank Uzbekistan’s consistent performance and strategic direction.
Key Highlights:
- Rating Affirmation: S&P Global Ratings has affirmed KDB Bank Uzbekistan’s long- and short-term credit ratings at “BB-/B”.
- Stable Outlook: The outlook remains stable, indicating that S&P expects KDB Bank Uzbekistan to maintain its current creditworthiness over the next 12-18 months.
- Stronger Capitalization:KDB Bank Uzbekistan’s Stand-Alone Credit Profile (SACP) has been upgraded to “bb” from “bb-”. This improvement is primarily due to the Bank's stronger capitalization, which reflects its robust financial management and strategic capital accumulation.
S&P's affirmation of the KDB Bank Uzbekistan’s ratings at “BB-/B” signifies the Bank's resilient operational performance and stable financial outlook. The upgrade in SACP to “bb” is evidence to KDB Bank Uzbekistan’s efforts in strengthening its capital base, positioning the Bank for sustainable growth and enhanced financial stability.
KDB Bank Uzbekistan continues to focus on delivering value to its shareholders while adhering to prudent risk management practices. The affirmation of the ratings and the upgrade in SACP emphasize the Bank's commitment to maintaining a strong financial foundation and driving long-term success.