/KASE, February 28, 2024/ – Bereke Bank JSC (Almaty), whose bonds are
officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE
about the following:
quote
On February 26, 2024, Fitch Ratings has placed Bereke Bank JSC's 'BB' Long-
Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) on Rating
Watch Negative (RWN. The rating action follows the announcement by Qatar-
based Lesha Bank LLC (LB) that it has entered into a preliminary agreement with
JSC National Management Holding Baiterek (BBB/Stable) regarding the potential
acquisition of the bank. The bank's Viability Rating is unaffected by this development.
Ratings:
- Long-Term Foreign- and Local-Currency – 'BB', Rating Watch Negative;
- Short-term Foreign Currency Issuer Default Rating – 'B';
- national long-term rating – 'A+(kaz)', Rating Watch Negative.
unquote
This information is available on –
https://kase.kz/files/emitters/BERK/berk_rating_260224_1076.pdf
[2024-02-28]