OREANDA-NEWS. Development Bank of Kazakhstan (Astana, hereinafter – the Bank), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE of the following:

"... S&P Global Ratings (hereinafter – the Agency) has affirmed the Bank's long-term and shirt-term issuer credit ratings in foreign and local currencies at "ВВВ- /А-3", outlook is negative.

At the same time the Bank's long-term ratings of priority unsecured debentures (ISIN XS0860582435, XS0248160102, XS0220743776, MYBVI1202859) were affirmed by the Agency at the level of "ВВВ-". The national scale rating is "kzAA".

The Bank's ratings equated with the sovereign ratings of the Republic of Kazakhstan, the negative outlook on the Bank's ratings reflects the outlook for the country's long-term ratings."