Life insurance company "Freedom Finance Life" says Fitch Ratings affirmed ratings of the company and their revocation for commercial reasons

/KASE, May 6, 2020/ – Life insurance company "Freedom Finance Life" (Almaty), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE about the following: quote On April 30, 2020, the international rating agency Fitch Ratings affirmed the financial stability rating ("FSR") of Freedom Finance Life, JSC (hereinafter referred to as the Company) at "B" and the national FSR at "BB (kaz)", both with a Stable outlook. At the same time, Fitch revoked the Company's ratings for commercial reasons. Based on the above-mentioned, the Company currently has ratings only from Standard & Poor's international rating agency (credit rating and financial stability rating of insurance company "B", rating on the national scale at "kzBBB-", rating outlook "Stable") assigned on March 18, 2020. unquote [2020-05-06]