/KASE, June 10, 2026/ – Industrial Development Fund JSC (KASE ticker – IDFR) reported the following:

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On June 9, 2026, Moody's Investors Service upgraded the long-term rating of Industrial Development Fund JSC from Baa3 to Baa2. The rating outlook was also changed from "positive" to "stable".

The rating upgrade reflects the increased strategic importance of the Industrial Development Fund for the state and the National Investment Holding "Baiterek" Group, as well as its key role in implementing the state policy on the development of the manufacturing industry and infrastructure.

In its report, Moody's notes the Fund's strengthening position within the National Investment Holding "Baiterek" Group, consistent development, and high level of support from its shareholder and the state. According to the agency, the Fund is one of the key development institutions providing financing for Kazakhstan's industrial sector. Moody's also notes the organization's stable financial position, adequate capitalization and liquidity, and ability to fulfill its objectives of financing long-term investment projects.

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

[2026-06-10]