Moody's Investor Service Affirms NC Food Corporation Credit Rating
OREANDA-NEWS. On November 29, 2007 National company Food contract corporation JSC (Astana), bonds of which are traded in Kazakhstan stock exchange's (KASE) category "A" official list, had provided KASE with the press-release of next contention, reported the press-centre of KASE:
International rating agency Moody's Investors Service affirmed the credit rating of NC Food corporation JSC in national and foreign currency at Baa2 level, forecast is stable.
In the official announcement of Moody's agency is noted, that credit rating of Corporation in foreign currency is on one level with sovereign credit rating of Republic of Kazakhstan and in national currency - one step lower than sovereign, which currently is at Baa1 level.
NC Food corporation JSC executes the functions of agent of Government of Republic of Kazakhstan for management with state corn resources.
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