/KASE, May 12, 2016/ – National managing holding KazAgro (Astana, hereinafter in the quote – the Holding), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has in an official letter informed KASE of the following:

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... rating agency Fitch Ratings downgraded the following ratings of the Holding after downgrading the long-term IDR of Kazakhstan in foreign currency:

• Long-term foreign currency IDR: downgraded to 'BBB-' from 'BBB'; Outlook Negative
• Long-term local currency IDR: downgraded to 'BBB-' from 'BBB+'; Outlook Negative;
• Short-term foreign currency IDR: affirmed at 'F3';
• Senior unsecured Eurobonds: downgraded to 'BBB-' from 'BBB' (XS0934609016, XS1070363343);
• Senior unsecured domestic bonds: downgraded to 'BBB-' from 'BBB+' (KZP01Y10E814, KZP02Y10E812).

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Said letter and press-release of Fitch Ratings provided by National managing holding KazAgro are available on KASE website – see more

[2016-05-12]