/KASE, May 29, 2025/ – MFO "Mogo Kazakhstan" LLP (KASE ticker – MFMO) announces the following:

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International rating agency Fitch Ratings has assigned Jet Finance (legal entity TOO MFO Mogo Kazakhstan (Mogo Kazakhstan)) long-term issuer default ratings (IDR) in foreign and national currencies at "B-" with a "Stable" outlook. Fitch also assigned the company a national long-term rating of "B+(kaz)" with a "Stable" outlook. Jet Finance became only the sixth company in the history of Kazakhstan from the consumer finance sector to receive such a rating.

The assigned rating reflects Jet Finance's sustainable business model, focused on secured lending to clients with limited banking history, primarily secured by cars, as well as a digital approach to approval and servicing processes. Fitch specifically noted the high marginality of the business, gradual diversification of funding sources and the growing scale of operations. The assignment of an international rating opens up new horizons for Jet Finance – including in attracting funding, launching new products and entering wider partner markets both in Kazakhstan and abroad.

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The full version of the press release is available at see more

[2025-05-29]