/KASE, May 13, 2016/ – Mortgage organization Kazakhstan Mortgage Company
(Almaty, hereinafter – the Company), whose securities are officially listed on
Kazakhstan Stock Exchange (KASE), has in an official letter notified KASE:
quote
... On May 6, 2016 the following ratings of the Company were downgraded:
- Long-term IDR in foreign currency from "BBВ" to "ВВВ-" and in national
currency from "BBB+" to "ВВВ-", outlook – "Stable";
- Short-term IDR in foreign currency affirmed at "F3".
Also, Fitch Ratings downgraded the long-term rating of senior debt liabilities
of the Company from "BBВ+" to "ВВВ-".
unquote
Said letter and report of Fitch Ratings of May 6, 2016 provided by Mortgage
organization Kazakhstan Mortgage Company, are available on KASE website –
http://www.kase.kz/files/emitters/KZIK/kzik_change_rating_060516.pdf
[2016-05-13]