FITCH IBCA HAS CONFIRMED RATINGS OF KAZKOMMERTSBANK (KAZAKHSTAN)

/IRBIS, Oct.14, 99/ - Moscow office REUTERS has informed today, that the international rating agency Fitch IBCA has confirmed a long-term rating of KAZKOMMERTSBANK at the B+ level, short-term rating - at the B level and individual rating at the D level. Fitch IBCA also has confirmed a rating of Eurobonds of KAZKOMMERTS INTERNATIONAL B.V. - affiliated company, registered in the Netherlands with the purpose of capital attraction in the international markets - at the B+ level. The three-years Eurobonds (XS0081674359) were issued) on the sum of $100 million with redemption on May, 2001 and 11.25% p.a. coupon. KAZKOMMERTSBANK is excluded from the Fitch IBCA list of the candidate for rating decrease. The renting of bank support has remained at the 4T level.