Fincraft Group says Standard & Poor's affirmed the company's rating, outlook "Negative"
/KASE, May 22, 2020/ – Fincraft Group (Almaty), whose bonds are officially
listed on Kazakhstan Stock Exchange (KASE), has informed KASE about the
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
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.