Fitch rates Kazagrofinance (Kazakhstan) two issues of bonds 'BBB-'

/Fitch Ratings, London-Moscow, February 24, 09, Fitch Ratings translation from English, KASE headline/ - Fitch Ratings has today assigned Long-term local currency ratings of 'BBB-' (BBB minus) with Rating Watch Negative to Kazagrofinance's (KAF) KZT3bn and KZT10bn five-year senior unsecured domestic bond issues. These bonds are issued under KAF's domestic bond programme of KZT30bn. The bond prospectuses do not contain any financial or other covenants. KAF was established in 1999 as a development finance institution to provide credit facilities (predominantly finance leases) for the domestic agriculture industry. The company is a part of JSC National Holding Kazagro (owned by the government), which also runs a number of other financial institutions that support economic development in rural areas. Contacts: Andrei Gozia, London, tel.: +44 20 7682 7263 Michel Hoelter, Moscow, tel.: +7 495 956 9946 Aksel Etingu, London, tel.: +44 20 7682 7135 Media Relations: Aleksei Mironov, Moscow, tel.: +7 495 956 9901/9908, alexei.mironov@fitchratings.com Marina Moshkina, Moscow, tel.: +7 495 956 6904/9901, marina.moshkina@fitchratings.com [2009-02-25]