Imstalcon says Rating agency Expert RA Kazakhstan downgraded creditworthiness rating of company and reliability rating of three issues of bonds to "C"

/KASE, February 4, 16/ – Imstalcon JSC (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), today by an official letter informed KASE of the following: quote ... rating agency Expert RA Kazakhstan (RAEX) has downgraded the creditworthiness rating of Imstalcon JSC to С level (Default. Failure to meet obligations) and the reliability rating of three bond issues (NIN – KZP01Y07D549, KZP02Y07D547, KZP01Y07D747) to С level (Default. Failure to meet obligations). The previous Company rating was B++ (acceptable creditworthiness level) and the bond issue rating was B++ as well (acceptable reliability level). unquote The press-release of Rating agency Expert RA Kazakhstan of February 3, 2016 is available on KASE website in Russian at http://www.kase.kz/files/emitters/IMSK/imsk_reliz_030216.pdf [2016-02-04]