OREANDA-NEWS. Fitch Ratings has today assigned Kazkommerts International B.V.'s upcoming senior unsecured ten-year USD notes issue an expected Long-term 'BB+' rating.

The issue will be made under the USD3 billion (increased from the former amount of USD1.5bn) guaranteed debt issuance programme, rated Long-term 'BB+' (for foreign currency notes with maturities in excess of one year) and Short-term 'B' (for foreign currency notes with maturities of less than one year).

The notes under the programme are unconditionally and irrevocably guaranteed by Kazakhstan's Kazkommertsbank ("KKB"), rated foreign currency Issuer Default 'BB+' with a Stable Outlook. The final ratings are contingent upon receipt of final documentation conforming materially to information already received.