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).