Archive for March 24th, 2009
S&P placed ratings of Alliance Bank JSC on CreditWatch with negative implications
(Standard & Poor’s) - Standard & Poors Ratings Services placed its B/B counterparty credit rating on Alliance Bank on CreditWatch with negative implications.
Kazakhstan Daily News Roundup - March 24, 2009
ANALYSIS:
Private equity funds finally arriving in Kazakhstan
(SRI) - Private equity funds, long conspicuously absent from Kazakhstan’s financial landscape, seem to have finally arrived, as the financial crisis forces local businesses to look for alternative sources of capital.
Tsesnabank sees crisis as opportunity (bne)
Temporary respite for Kazakhstan’s electricity generation sector (bne)
BUSINESS AND ECONOMY:
S&P: BTA Bank and subsidiaries downgraded, placed on CreditWatch negative
(Standard & Poor’s) - Standard & Poor’s Ratings Services lowered its counterparty credit ratings of BTA Bank and BTA’s subsidiaries Temirbank JSC and BTA Ipoteka Mortgage Co. (BTAI), to CCC+/C from B+/B.
Chagala Group buys 49.9-percent stake in mall developer (SRI)
Ex-Im Bank backs USD20 million sale of Diebold ATMs to Kazakhstan (Ahoy Cargo)
POLITICS:
Kazakhstan leads nuclear-weapons-free zone initiative
(Business Wire) - On March 21st, the Treaty on a Nuclear-Weapons-Free Zone (NWFZ) in Central Asia - signed on September 8, 2006 - came into force.
SOCIETY:
American space tourist buys return ticket to orbit
(AP) - First two-time space tourist shells out $60 million for orbiting station vacations.
Letter from Almaty: A bird’s eye view of Norouz in Kazakhstan
(RFE/RL) - Thousands of Kazakh families, young couples, and even an eagle fill the Old Square on the first day of Norouz, the ancient festival of the beginning of spring celebrated throughout Central Asia and Iran.
At least 17 injured in fire at ammo depot in Kazakhstan (Interfax)
Kazakhstan Politics Roundup - March 24, 2009
Kazakhstan leads nuclear-weapons-free zone initiative
(Business Wire) - On March 21st, the Treaty on a Nuclear-Weapons-Free Zone (NWFZ) in Central Asia - signed on September 8, 2006 - came into force.
Kazakhstan Business and Economy Roundup - March 24, 2009
S&P: BTA Bank and subsidiaries downgraded, placed on CreditWatch negative
(Standard & Poor’s) - Standard & Poor’s Ratings Services lowered its counterparty credit ratings of BTA Bank and BTA’s subsidiaries Temirbank JSC and BTA Ipoteka Mortgage Co. (BTAI), to CCC+/C from B+/B.
Private equity funds finally arriving in Kazakhstan (SRI)
Chagala Group buys 49.9-percent stake in mall developer (SRI)
Ex-Im Bank backs USD20 million sale of Diebold ATMs to Kazakhstan (Ahoy Cargo)
Kazakhstan Society Roundup - March 24, 2009
American space tourist buys return ticket to orbit
(AP) - First two-time space tourist shells out $60 million for orbiting station vacations.
Letter from Almaty: A bird’s eye view of Norouz in Kazakhstan
(RFE/RL) - Thousands of Kazakh families, young couples, and even an eagle fill the Old Square on the first day of Norouz, the ancient festival of the beginning of spring celebrated throughout Central Asia and Iran.
At least 17 injured in fire at ammo depot in Kazakhstan (Interfax)
American space tourist buys return ticket to orbit
(AP) - First two-time space tourist shells out $60 million for orbiting station vacations.
(more…)
ANALYSIS: Private equity funds finally arriving in Kazakhstan
(SRI) - Private equity funds, long conspicuously absent from Kazakhstan’s financial landscape, seem to have finally arrived, as the financial crisis forces local businesses to look for alternative sources of capital.
S&P: BTA Bank and subsidiaries downgraded, placed on CreditWatch negative
(Standard & Poor’s) - Standard & Poor’s Ratings Services lowered its counterparty credit ratings of BTA Bank and BTA’s subsidiaries Temirbank JSC and BTA Ipoteka Mortgage Co. (BTAI), to CCC+/C from B+/B.
