{
  "id": 7520322,
  "title": "Moody’s affirms Halyk Bank ratings at Baa1, outlook stable",
  "url": "https://urgent.news/2026/09/15/moodys-affirms-halyk-bank-ratings-at-baa1-outlook-stable",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-15T09:40:40.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/moodys-affirms-halyk-bank-ratings-at-baa1-outlook-stable-93CH-4901097"
  },
  "original_language": "en",
  "account": "On September 9, credit rating agency Moody’s affirmed Halyk Bank’s long-term deposit ratings, maintaining a stable outlook. The bank’s Baa1 rating for long-term local and foreign currency deposits, as well as its short-term deposit rating, both remained at Baa1. Moody’s also affirmed a baseline credit assessment of ba1 for the bank.\n\nThe affirmation was based on several factors, including the bank’s strong capital position. As of June 2026, Halyk Bank had a Tier 1 capital-to-risk-weighted assets (TCE/RWA) ratio of 18.5%, indicating a healthy capital base. Additionally, the bank maintained a liquidity buffer equal to 27% of its total assets.\n\nMoody’s noted that the bank’s return on average assets had exceeded 4% since 2024, further supporting its positive outlook. The agency expects these key metrics to remain robust over the next 12-18 months. However, problem loans had risen to 8.6% of gross loans by June 2026, a factor Moody’s considered in its assessment.\n\nThe ratings reflect a strong probability of government support for Halyk Bank, given its significant presence in the local banking market in Kazakhstan. As of July 1, 2026, the bank held a 28.6% share of total banking system assets in the country. This high level of market share contributed to the stable outlook Moody’s assigned to the bank.\n\nHalyk Bank’s strong performance is evident in its total assets of KZT 22,036 billion as of June 30, 2026. The bank operates 530 branches and service outlets throughout Kazakhstan and also has operations in neighboring Georgia and Uzbekistan. Halyk Bank is listed on several major stock exchanges, including the Kazakhstan Stock Exchange, London Stock Exchange, and Astana International Exchange.",
  "summary": null,
  "key_points": [
    "Moody’s affirms Halyk Bank’s Baa1 ratings for long-term and short-term deposits.",
    "Bank’s Tier 1 capital-to-risk-weighted assets ratio is 18.5% as of June 2026.",
    "Halyk Bank holds 28.6% market share in Kazakhstan’s banking system."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Seeking Alpha News",
        "title": "Bank Stocks: How major U.S. lenders stack up by Quant ratings",
        "url": "https://urgent.news/2026/09/15/bank-stocks-how-major-u-s-lenders-stack-up-by-quant-ratings",
        "published": "2026-09-15T09:30:51.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}