/KASE, September 21, 2022/ – ForteBank JSC (Nur-Sultan), whose securities are
officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE as
follows:
quote
On September 14, 2022, Fitch Ratings upgraded the Bank's long-term rating to
"ВВ-" from "В+", with a "stable" outlook, while also upgrading the rating of the
Bank's unsecured bonds:
Issuer Default Rating: BB-/Stable/B
Rating on national scale: A-(kaz)/Stable
...
Also, on September 14, 2022, the Standard & Poor's rating agency affirmed the
Bank's ratings, the outlook is "negative", thus S&P ratings of the Bank are as
follows:
Issuer's credit rating: BB-/Negative/B
Rating on national scale: kzА-
National scale senior unsecured debt rating: kzА-
Senior unsecured debt rating: BB-
Subordinated debt rating on national scale: kzBВВ
unquote
This information is available on –
https://kase.kz/files/emitters/ASBN/asbn_rating_140922_14133.pdf
[2022-09-21]