Fitch assigns Development Bank of Kazakhstan international bonds long-term ratings at "BBB"

/Fitch Ratings, London-Moscow, November 29, 12, Fitch Ratings English translation, KASE headline / - Fitch Ratings has assigned the Development Bank of Kazakhstan's (DBK) USD1bn medium term notes (MTNs) a Long-term rating of 'BBB'. The MTNs mature in December 2022, carry a coupon rate of 4.125% payable semi-annually and have been issued for refinancing purposes. They will rank pari passu with the bank's senior unsecured obligations. DBK's primary role is to foster development of the country's non-extracting sectors. The National Welfare Fund Samruk Kazyna, which is wholly owned by the government of Kazakhstan ('BBB+'/Stable), controls 100% of the bank's share capital. For more information on the bank's ratings, please see 'Fitch Upgrades Development Bank of Kazakhstan and KazAgroFinance's Ratings', dated 21 November 2012, at www.fitchratings.com. Contacts: Primary Analyst,Roman Kornev, Analyst +7 495 956 7016 Secondary Analyst, Anton Naberoukhin, Associate Director +7 495 956 9981 Committee Chairperson, James Watson, Managing Director +7 495 956 6657 Media Relations: Juilia Belskaya von Tell, Moscow + 7 495 956 9908/9901 julia.belskayavontell@fitchratings.com [2012-12-04]