/KASE, May 16, 2016/ – KazAgroFinance (Astana), whose bonds are officially
listed on Kazakhstan Stock Exchange (KASE), has in an official letter informed
KASE of the following:
quote
... rating Fitch Ratings Ltd. downgraded the following ratings of the KAF:
- Long-Term Foreign and Local Currency IDRs: downgraded to 'BB+' from
'BBB-'; Outlook Stable
- Short-Term Foreign Currency IDR: downgraded to 'B' from 'F3'
- National Long-term rating: affirmed at 'AA(kaz)'; Outlook Stable
- Support Rating: downgraded to '3' from '2'
- Support Rating Floor: revised to 'BB+' from 'BBB-'
- Senior unsecured debt rating: downgraded to 'BB+' from 'BBB-'
- National senior unsecured debt rating: affirmed at 'AA(kaz)'
- Expected senior unsecured debt ratings: assigned at
'BB+(EXP)'/'AA(kaz)(EXP)'.
unquote
Said letter and press-release of Fitch Ratings dated May 11, 2016 provided by
KazAgroFinance, are available on KASE website –
http://www.kase.kz/files/emitters/KAFI/kafi_change_rating_130516.PDF
[2016-05-16]