Subsidiary Bank "Home Credit and Finance Bank" says agency Fitch Ratings assigned ratings to bank and bonds

/KASE, April 21, 15/ – Subsidiary Bank "Home Credit and Finance Bank" JSC (Almaty, hereinafter – the Bank), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following: quote ... rating agency Fitch as of April 17, 2014 assigned to the Bank the following credit ratings: Long-term Issuer Default Ratings (hereinafter – IDR) in foreign and national currency were downgraded from "В+" to "В"; outlook "Stable". Short-term IDR in foreign currency was affirmed at "В". National long-term rating was downgraded from "ВВВ(kaz)" to "BB+(kaz)"; outlook "Stable". Financial stability rating was affirmed at "b". Support rating was affirmed at "4". Rating of senior unsecured debt was lowered from "В+" to "B" (Bank's bonds NIN KZP01Y03E546, ISIN KZ2C00002442; NINKZP01Y05E657, ISIN KZ2C00002517). National rating of senior unsecured debt was lowered from "ВВВ(kaz)" to "BB+(kaz)". unquote [2015-04-21]