/KASE, April 27, 2020/ – By the decision of the Management Board of the Kazakhstan
Stock Exchange (KASE) dated April 24, 2020, change No. 1 (change) to the KASE
internal document "Auto Repo Market Specification" (Specification), to become
effective on April 27, 2020, has been approved.
This change establishes that one of the terms and conditions for including debt
securities in the BSP basket is that the issuer’s rating must be at least "BB-"
according to international scale of Standard & Poor's agency or similar level
rating of other rating agencies.
Previously, debt securities were to have at least "BB" rating according to
international scale of Standard & Poor's agency or similar level rating of other
rating agencies to be included in the BSP basket.
The updated text of the Specification will be published on the KASE website at –