MFO "Arnur Credit" says Fitch Ratings affirmed the company's credit rating at B; outlook Stable

31.08.23 11:07
/KASE, August 31, 2023/ – MFO "Arnur Credit" LLP (Shymkent), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release: quote We are pleased to announce that Fitch Ratings has affirmed the credit rating of MFO "Arnur Credit" LLP (hereinafter – Arnur Credit) at "B". The outlook is "Stable". Fitch has also assigned a national rating at "BB+(kaz)". Arnur Credit's rating reflects its small franchise in the microfinance sector in Kazakhstan, its focus on higher risk clients (including the seasonal agricultural segment and small SMEs), only basic underwriting standards and risk control, a small absolute capital size, and wholesale funds dependent on trust. The ratings also reflect Arnur Credit's moderate and well-controlled credit losses, good capital adequacy ratios and stable profitability. unquote The full version of the press release is available on – [2023-08-31]