/KASE, May 4, 2022/ – Toyota Financial Services Kazakhstan MFO JSC (Almaty),
whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has
informed KASE about the following:
quote
Toyota Financial Services Kazakhstan MFO LLP informs you that Fitch Ratings
on 27 April 2022 affirmed for Toyota Financial Services Kazakhstan MFO LLP
("TFSKZ") long-term issuer default ratings ("IDRs") at "BBB+". The rating
outlook is "Stable".
The Agency's assessment of TFSKZ's ratings reflects the high likelihood of
emergency support, if needed, from Toyota Financial Services Corporation ("TFSC"),
which fully controls TFSKZ through Toyota Financial Services UK PLC ("TFSUK"),
and ultimately from Toyota Motor Corporation ("TMC", "A+"/outlook "Stable") –
one of the world's largest automakers. TFSUK controls a number of non-bank
financial institutions that finance Toyota vehicles in Europe and is a wholly
owned subsidiary of TFSC, a financial holding company controlled by TMC.
unquote
Details are available on –
https://kase.kz/files/emitters/MFTF/mftf_rating_290422_3463.pdf
[2022-05-04]