OREANDA-NEWS. On October 31, 2007 Press-service of BRK Leasing JSC (Astana), being the daughter organization of Kazakhstan Bank of Development JSC (Astana), had spread the press-release with next contention, reported the press-centre of KASE:

International rating agency Moody's Investors Service for the first time had conferred state leasing company BRK-Leasing JSC (daughter organization of Kazakhstan Bank of Development JSC) with long-term and short-term ratings in foreign and national currency at the level Ba3/Not-Prime. Forecast "stable".

As it is noted by the experts of rating agency, while confirmation of rating was considered the important role of BRK-Leasing JSC as state company, main task of which is support of development of priority fields of economy of Kazakhstan by leasing financing of investment wide projects for renewing of main funds of enterprisers and creation of new production in Republic of Kazakhstan.

Commenting the decision of rating agency, Chairman of Board of of BRK-Leasing JSC Yerkhat Iskaliyev had noted that BRK-Leasing JSC will continue to fund mainly from mother company Kazakhstan Bank of Development, which will be the main source of financing and suing the accepted rating is planning to activize the work for trade financing under insurance coverage of ECA, and in perspective will start the securitization of leasing deals of railway rolling-stock, park of air and water transport with entering to RFCA floor.

BRK-Leasing JSC was created on September 6, 2005, enters the system of Fund for stable development Kazyna JSC. Sole shareholder of the Company is Kazakhstan Bank of Development JSC.

Authorized capital of BRK-Leasing JSC as of October 1, 07 makes KZT6,5 bn., volume of assets is equal to KZT11.4 bn. As of October 1, 07 35 projects for the total amount of $397,91 m. were approved for financing, from them participation of state company makes $168,81 m.