12.05.2016, 07:44
KazAgro Says Fitch Ratings Downgraded Ratings of Company and Bonds
OREANDA-NEWS. National managing holding KazAgro (Astana,hereinafter in the quote – the Holding), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has in an official letter informed KASE of the following:
Rating agency Fitch Ratings downgraded the following ratings of the Holding after downgrading the long-term IDR of Kazakhstan in foreign currency:
- Long-term foreign currency IDR: downgraded to 'BBB-' from 'BBB'; Outlook Negative
- Long-term local currency IDR: downgraded to 'BBB-' from 'BBB+'; Outlook Negative;
- Short-term foreign currency IDR: affirmed at 'F3';
- Senior unsecured Eurobonds: downgraded to 'BBB-' from 'BBB' (XS0934609016, XS1070363343);
- Senior unsecured domestic bonds: downgraded to 'BBB-' from 'BBB+' (KZP01Y10E814, KZP02Y10E812).
Rating agency Fitch Ratings downgraded the following ratings of the Holding after downgrading the long-term IDR of Kazakhstan in foreign currency:
- Long-term foreign currency IDR: downgraded to 'BBB-' from 'BBB'; Outlook Negative
- Long-term local currency IDR: downgraded to 'BBB-' from 'BBB+'; Outlook Negative;
- Short-term foreign currency IDR: affirmed at 'F3';
- Senior unsecured Eurobonds: downgraded to 'BBB-' from 'BBB' (XS0934609016, XS1070363343);
- Senior unsecured domestic bonds: downgraded to 'BBB-' from 'BBB+' (KZP01Y10E814, KZP02Y10E812).
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