/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:
quote
... 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).
unquote
Said letter and press-release of Fitch Ratings provided by National managing
holding KazAgro are available on KASE website –
http://www.kase.kz/files/emitters/KZAG/kzag_rating_060516.pdf
[2016-05-12]