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Subsidiary Bank "Home Credit and Finance Bank" says Fitch Ratings downgraded the bank's long-term ratings
/KASE, March 9, 2022/ – Subsidiary Bank "Home Credit and Finance Bank" (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE about the following:
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On March 4, 2022, Fitch downgraded and affirmed the following ratings of the Bank:
The Long-term Issuer Default Rating (hereinafter – the IDR) has been downgraded to "B+" with a "Negative" outlook.
Short-term IDR affirmed at "B", outlook "Negative".
Long-term national currency IDR downgraded to "B+", outlook "Negative".
National long-term rating downgraded to "BBB-(kaz)", outlook "Negative".
The Shareholder's support rating has been downgraded to b, with a "Negative" outlook.
Viability rating affirmed at b+, outlook "Negative".
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[2022-03-09]