Development Bank of Kazakhstan informed that Fitch Ratings affirmed its ratings

/KASE, December 30, 09/ - Development Bank of Kazakhstan (Astana), bonds of which are present in Kazakhstan Stock Exchange (KASE) official list, provided to KASE the following press release: quotation starts 29 December 2009 Fitch Ratings has affirmed the ratings of Development Bank of Kazakhstan (DBK), including its Long-term foreign currency IDR of 'BBB-', and revised the Outlook to Stable from Negative. The affirmation of DBK's ratings and the revision of the Outlook to Stable from Negative follow similar actions on Kazakhstan's sovereign ratings on 16 December 2009. DBK's ratings reflect Fitch's view of the high probability of support from the Kazakh authorities, in case of need, given state ownership and the Bank's key role in the implementation of the government's development efforts. The rating actions are as follows: Long-term foreign currency IDR: affirmed at 'BBB-'; Outlook revised to Stable from Negative Long-term local currency IDR: affirmed at 'BBB'; Outlook revised to Stable from Negative Short-term foreign currency IDR: affirmed at 'F3' Short-term local currency IDR: affirmed at 'F3' Support Rating: affirmed at '2' Support Rating Floor: affirmed at 'BBB-' Senior unsecured debt: affirmed at 'BBB-' quotation ends [2009-12-30]