Fincraft Group says Standard & Poor's affirmed the company's rating, outlook "Negative"

22.05.20, 12:29
/KASE, May 22, 2020/ – Fincraft Group (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE about the following: quote On May 20, 2020, S&P Global Ratings affirmed the Partnership's long-term and short-term credit ratings at "В/В" and the national scale rating at "kzBB+", revising the outlook on ratings from "Stable" to "Negative", and also deduced the ratings from the UCO list of ("ratings being monitored due to revision of criteria"). The forecast is revised as part of similar rating actions globally around the world, including in the CIS, and also reflects the expectations of S&P Global Ratings that in the next 12 months the unfavorable economic situation in Russia and Kazakhstan may put pressure on the Partnership's investment value and its ability to sell assets. unquote [2020-05-22]