Zhaikmunai says Standard & Poor's downgraded long-term corporate rating of NOSTRUM OIL & GAS PLC to "ССС-", outlook "Negative"

/KASE, April 7, 2020/ – Zhaikmunai (Oral), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE about the following: quote On April 3, 2020 S&P Global Ratings downgraded the long-term corporate rating of Nostrum Oil & Gas PLC from ССС (with negative outlook) to CCC- (with negative outlook). This rating also applies to Zhaikmunai LLP, which is part of the corporate family of Nostrum Oil & Gas PLC and to the following bonds issued by "Zhaikmunai" LLP: USN97716AA72 (REG S) and US98953VAA08 (RULE 144А)/ USN97716AA72 (REG S) & US98953VAA08 (RULE 144A) and to USN64884AA29 (REG S) and US66978CAA09 (RULE 144А)/ USN64884AA29 (REG S) & US66978CAA09 (RULE 144A). unquote [2020-04-07]