/KASE, October 11, 2022/ – ForteLeasing JSC, whose shares are officially
listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the
following press release:
quote
The international rating agency Fitch Ratings LTD has assigned ForteLeasing
JSC a rating "BB-", outlook Stable", and a national long-term rating "A-(kaz)".
The rating agency noted the leading position of ForteLeasing JSC among private
leasing companies in the country. Asset quality has remained stable despite the
pandemic. There is an annual positive trend in the growth of financial
indicators and ratios. In addition, the high rating among private leasing
companies is due to the support of the sole shareholder of ForteBank JSC (FB,
BB-/bb-/Stable), one of the largest private banks in Kazakhstan.
unquote
The full version of the press release in Kazakh and Russian is available at
https://kase.kz/files/emitters/TMLZ/tmlz_rating_101022_632.pdf
[2022-10-11]