KazAgro National Management Holding says Moody’s Investors Service assigned ratings to company, outlook Stable

/KASE, March 27, 2018/ – KazAgro National Management Holding (Astana), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following information statement: quote London, 20 March 2018 -- Moody's Investors Service, ("Moody's") has assigned Ba1 long-term foreign currency issuer ratings to KazAgro National Management Holding JSC (KazAgro). The outlook is stable. The Aa2.kz national scale issuer rating is assigned. According to the Agency, KazAgro is the main financial arm of the Government of Kazakhstan (Baa3, Stable), which uses the holding company to provide financial support to the agriculture sector through a number of institutions that are under KazAgro's umbrella. Thus, ratings assigned mirror important role of KazAgro in developing Kazakhstan's agriculture and strong link of the Holding with the Kazakhstan government. KazAgro National Management Holding implements government policy on the development of Kazakhstan’s agricultural complex by effectively managing investment assets of the companies that are part of its structure. The following companies are part of the holding: KazAgroFinance JSC, Agricultural Credit Corporation JSC, Fund for Financial Support of Agriculture JSC, National Company Food Contract Corporation JSC, KazAgroProduct JSC, KazAgroGarant JSC and KazAgroMarketing JSC. Press service of KazAgro Holding JSC +7 701 460 91 82, R.Tasbulatov@kazagro.kz tel: (7172) 70-56-39, www.kazagro.kz unquote [2018-03-27]