Development Bank of Kazakhstan says agency S&P Global Ratings affirmed ratings of the bank; outlook "Stable"
/KASE, March 10, 2023/ – Development Bank of Kazakhstan JSC (Astana,
hereinafter – the Bank), whose bonds are officially listed on Kazakhstan Stock
Exchange (KASE), has informed KASE about the following:
... the rating agency Standard & Poor's (hereinafter – the Agency) revised the
outlook on the Bank's credit ratings from "Negative" to "Stable" after a similar
action on the sovereign ratings of the Republic of Kazakhstan.
At the same time, the Bank's ratings have been affirmed at "ВВВ-/А-3".