National managing holding "Baiterek" says Moody's Investors Service released updated credit analysis of the holding

/KASE, April 7, 2023/ – National managing holding "Baiterek" JSC (Astana), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release: quote On April 4, 2023, the international rating agency Moody's Investors Service posted an updated credit analysis of JSC «NMH «Baiterek» on the official website. The Baiterek Holding’s global scale rating of «Baa2» (stable 1) reflects the important role of the holding company in promoting the economic development of Kazakhstan, its strong institutional and financial relationship with the government. The holding plays an important role in promoting the economic development of the country and serves as a channel of state financing within the framework of key state programs. The holding is highly integrated with the government due to 100% ownership of the Holding Group and participation in the business activities of the Baiterek Holding, including control over financial indicators and approval of key indicators. The outlook for the issuer remains at the «stable» level in accordance with the Sovereign Rating. unquote [2023-04-07]