Credit Ratings

Standard and Poor's Global Ratings lowered its long-term foreign and local currency issuer credit ratings on Kazakhstan's KazAgro National Management Holding to 'BB-' from 'BB+' on negative trend in government support to the government-related entity sector. The outlook is negative. The agency affirmed the short-term foreign and local currency issuer credit ratings at 'B'. At the same time Kazakhstan national scale rating was lowered to 'kzBBB+' from 'kzAA-'

Rating Agency

Rating

Scale

Date

Fitch Ratings

Long-term rating «BBB-»/ WATCH STABLE

International scale  (foreign currency)

29.04.2017

Fitch Ratings

Long-term rating «BBB-»/ WATCH STABLE

International scale (local currency)

 

29.04.2017

Fitch Ratings

Short-term rating «F3»

International scale  (foreign currency)

 

29.04.2017

Standard & Poor's

Long-term rating «ВВ-»/ WATCH STABLE

International scale (foreign currency)

12.09.2017

Standard & Poor's

Short-term rating «B»

International scale (foreign currency)

12.09.2017

Standard & Poor's

«kzВВВ+»

National scale (Kazakhstan)

12.09.2017