Kcell announces that Fitch Ratings upgraded company’s ratings to BB+, outlook Stable

25.06.20, 17:10
/KASE, June 25, 2020/ – Kcell (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE as follows: quote Kcell Joint Stock Company («Kcell» or the «Company») (LSE, KASE: KCEL), the leading provider of mobile telecommunications services in Kazakhstan, announces that Fitch Ratings upgraded Kcell’s Long-Term Issuer Default Rating ("IDR") from BB to BB+, outlook Stable. Fitch Ratings also raised long-term rating of a parent company, Kazakhtelecom, from BB+ to BBB-, outlook Stable. unquote This information is available (in Russian) at – https://kase.kz/files/emitters/KCEL/kcel_change_rating_240620_4616.pdf [2020-06-25]