/KASE, February 13, 15/ – Development Bank of Kazakhstan JSC (Astana,
hereinafter – the Bank), whose bonds are officially listed on Kazakhstan Stock
Exchange (KASE), has by an official letter informed KASE of the following:
quote
... rating agency Standard&Poor's (hereinafter – the Agency) has downgraded
the Bank's long-term counteragent credit ratings in foreign and local currency
to level "ВВВ" from "ВВВ+"; outlook – "Negative".
At the same time, long-term ratings of senior unsecured debt obligations (ISIN
XS0860582435, XS0570541317, XS0248160102, XS0220743776, MYBVI1202859,
KZ2C00003002) and issue programs were also downgraded by the Agency to "ВВВ"
from "ВВВ+".
Downgrading of the Bank's credit ratings was caused by conducting appropriate
rating actions with regard to sovereign ratings of Republic of Kazakhstan.
unquote
The press-release of Standard & Poor's of February 11, 2015, provided by
Development Bank of Kazakhstan, was released on KASE website in Russian
at
http://www.kase.kz/files/emitters/BRKZ/brkz_reliz_110215.pdf
[2015-02-13]