/KASE, May 30, 2022/ – Microfinance Organization "KMF" LLP (Almaty), whose bonds
are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE
with the following press release dated May 27, 2022:
quote
On May 26, 2022, Fitch Ratings affirmed the Long-term Issuer Default Rating
(IDR) of Microfinance Organization "KMF" LLP at "B+"/outlook "Stable". Fitch
also upgraded KMF's Long-term National Rating of KMF from BBB-(kaz) to
BBB(kaz)/outlook "Stable".
Positive rating factors include KMF's leading market share in Kazakhstan's
microfinance market, a long track record of stable operations in an often
volatile operating environment, good profitability, a diversified and
short-term loan portfolio with low exposure to direct market risk and access to
domestic and international funding, Fitch Ratings notes.
KMF management has responded to the challenges with a consistent funding
diversification strategy, moving away from dependence on international lenders
in favor of funding from local sources, while gradually moving towards the
diversity of its product line and sales channels, Fitch analysts say.
unquote
Full information is available –
https://kase.kz/files/emitters/MFKM/mfkm_rating_260522_26052022.pdf
[2022-05-30]