Subsidiary Bank Alfa-Bank says Fitch Ratings downgraded the bank's long-term ratings

/KASE, March 5, 2022/ – Subsidiary Bank Alfa-Bank (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE about the following: quote On March 4, 2022, Fitch Ratings downgraded the long-term issuer default rating to "B+" and placed all ratings on the Rating Watch Negative list. Short-term issuer default rating affirmed at "B". The long-term issuer default rating in national currency has been lowered to the level of "B+". National Long-term rating downgraded to "BBB-(kaz)". unquote [2022-03-05]