Subsidiary Bank Sberbank of Russia says Fitch Ratings downgraded the bank's ratings

/KASE, March 18, 2022/ – Subsidiary Bank Sberbank of Russia (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE about the ratings of the bank assigned by the international rating agency Fitch Ratings as of March 5, 2022: quote Long-term issuer default rating in foreign and national currencies downgraded from "BBB-" to "B+"; short-term issuer default rating in foreign currency was downgraded from "F3" to "B"; national long-term rating downgraded from "AA+(kaz)" to "BBB-(kaz)"; VR was downgraded to "b+" from "bb"; shareholder support rating was assigned at "b-"; support rating was withdrawn. unquote [2022-03-18]