Mortgage organization Kazakhstan Mortgage Company says agency Fitch Ratings upgraded company ratings; outlook Stable

/KASE, November 25, 15/ – Mortgage organization "Kazakhstan Mortgage Company" JSC (Almaty, hereinafter – the Company), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), in an official letter informed KASE of the following: quote ... Fitch Ratings on November 23, 2015 upgraded Kazakhstan Mortgage Company's (KMC) Long-term foreign currency Issuer Default Rating (IDR) to 'BBB' from 'BBB-' and Long-term local currency IDR to 'BBB+' from 'BBB'. The Short-term foreign currency IDR has been affirmed at 'F3'. The Outlooks on the Long-term ratings are Stable. Fitch has also upgraded the Long-term local currency rating on KMC's outstanding senior debt to 'BBB+' from 'BBB' and the Long-term local currency rating on the outstanding subordinated bonds to 'BBB' from 'BBB-'. unquote [2015-11-25]