/KASE, November 27, 14/ – Development Bank of Kazakhstan JSC (Astana,
hereinafter – the Bank), whose bonds are officially listed on Kazakhstan Stock
Exchange (KASE), has by an official letter of November 27, 2014 informed
KASE of the following:
quote
... rating agency Standard & Poor's (hereinafter – the Agency) affirmed the
Bank's counteragent credit ratings in foreign and national currencies at level
"ВВВ+/А-2", outlook – "Negative".
At the same time, long-term ratings of unsecured debt liabilities (ISIN
XS0860582435, XS0570541317, XS0248160102, XS0220743776, MYBVI1202859) and issue
programs of the bank were affirmed by the Agency at level "ВВВ+".
The Bank's ratings were compared to sovereign ratings of the Republic of
Kazakhstan; negative outlook on the Bank's ratings reflects an outlook on
long-term ratings of the country.
unquote
Press-release of Standard & Poor's of November 24, 2014 provided by Development
Bank of Kazakhstan is available on KASE website in Russian at
http://www.kase.kz/files/emitters/BRKZ/brkz_reliz_241114.pdf
[2014-11-27]