/KASE, May 3, 2016/ – National managing holding KazAgro (Astana,
hereinafter the Issuer), whose bonds are officially listed on Kazakhstan Stock
Exchange (KASE), has by an official letter informed KASE of the following:
quote
... the rating agency Fitch Ratings revised from "Stable" to "Negative" the
outlook for the long-term Issuer Default ratings ("IDRs") of the Holding in
foreign and local currencies and affirmed these ratings at "BBB" and "BBB+",
respectively. The agency also affirmed the short-term IDR in foreign currency
at "F3", rating of senior unsecured Eurobonds at "BBB", and domestic bonds
rating at "BBB+".
unquote
Said letter and press-release of agency Fitch Ratings of April 28, 2016 provided
by National managing holding KazAgro are available on KASE website
http://www.kase.kz/files/emitters/KZAG/kzag_rating_280416.pdf
[2016-05-03]