/KASE, September 23, 2024/ – Development Bank of Kazakhstan JSC (Astana), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE about the following:

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... Moody's rating agency (hereinafter – the Agency) has upgraded the Issuer's long-term rating in foreign and national currencies to "Baa1" from "Baa2" following a similar action on the sovereign ratings of the Republic of Kazakhstan, the rating outlook has been changed from "Positive" to "Stable".

At the same time, the Agency has upgraded the long-term ratings of the Bank's senior unsecured debt obligations to "Baa1".

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[2024-09-23]