/KASE, September 16, 2024/ – Development Bank of Kazakhstan JSC
(Astana), whose bonds are officially listed on Kazakhstan Stock Exchange
(KASE), has informed KASE about the following:
quote
Moody's International rating agency has upgraded the long–term issuer rating of
the Development Bank of Kazakhstan JSC (a subsidiary of "Baiterek " Holding)
from Baa2 to Baa1, with a Stable forecast.
All ratings of the Bank correspond to the sovereign ratings of the Republic of
Kazakhstan, they are among the highest among companies in the quasi-public
and banking sectors of the Republic of Kazakhstan. On September 9, Moody's
international rating agency upgraded the long-term rating of the Republic of
Kazakhstan from Baa2 to Baa1, with a "Stable" forecast.
DBK actively attracts investments in both local and international capital
markets in tenge and US dollars to finance projects and demonstrates high
financial stability.
It is worth noting that the increase in the credit rating of the Republic of
Kazakhstan contributes to strengthening economic and financial stability,
improving credit stability to the level of countries with a higher rating, and
also has a positive effect on the conditions for attracting investments from
capital markets and increasing investment in the economy. It should be noted
that Moody's emphasizes the reliable financial performance of Kazakhstan.
unquote
This information is available on –
https://kase.kz/files/emitters/BRKZ/brkz_relizs_130924_2.pdf
[2024-09-16]