Development Bank of Kazakhstan says RAM Ratings Services Berhad downgraded long-term rating of Islamic bonds Sukuk "Al-Murabaha" issue program

/KASE, November 23, 2016/ – Development Bank of Kazakhstan (Astana), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE of the following: quote Malaysian rating agency RAM Rating Services Berhad downgraded the long-term rating of the Program of issuing mid-term Islamic bonds "Sukuk "Al-Murabaha" of Development Bank of Kazakhstan (hereinafter – the Bank) to the amount of up to MYR1.5 bn from АА2/Stable to АА3/Stable. This upgrading is the consequence of respective rating actions with regard to Kazakhstan's sovereign ratings. unquote [2016-11-23]