/KASE, June 8, 2022/ – "MFO "Arnur Credit" LLP (Shymkent), whose bonds are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE
with the following press release:
quote
Fitch Ratings has assigned "MFO "Arnur Credit" LLP ("Arnur Credit") a long-term
foreign and local currency Issuer Default Rating (IDR) at "B". The outlook is
"Stable". Fitch has also assigned a national rating at "BB+(kaz)".
The rating also reflects its client base with a 3.2 % end-2021 market share in
the microfinance sector in Kazakhstan, its focus on higher-risk clients,
including the seasonal agricultural segment and SMEs, financial transparency,
and the trust of local and foreign partners to the Company.
Arnur Credit's rating reflects well-controlled credit losses (including record
performance in the selected agriculture sector), good capital adequacy, strong
profitability indicators despite pandemic challenges, and increased regulatory
pressure.
unquote
The full version of the press release is available –
https://kase.kz/files/emitters/MFAC/mfac_rating_070622_2.pdf
[2022-06-08]