Wednesday May 11 2016

News Source: Global Exchanges

Focus: Credit Rating

Type: General

Country: Kazakhstan

Link: http://www.kase.kz/en/news/show/1294799




Fitch Ratings has downgraded Kazakhstan`s long-term foreign currency Issuer Default Rating (IDR) to `BBB` from `BBB+` and local currency IDR to `BBB` from `A-`. The Outlooks are Stable. The issue rating on Kazakhstan`s senior unsecured foreign currency bonds has also been downgraded to `BBB` from `BBB+`. The Country Ceiling has been revised to `BBB+` from `A-` and the Short-term foreign-currency IDR affirmed at `F2`.

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