OREANDA-NEWS. On January 15, 2007 Fitch Ratings has assigned Kazakhstan-based JSC Astana Finance's EUR40m tap issue a final Long-term rating of 'BB+'. The notes were issued on 21 December 2007 and will be consolidated to form a single series with the EUR300m 7,875% notes due 2010 raised off the company's USD2bn EMTN programme in June 2007, reported the press-centre of KASE.

AF was created in 1997 by the Municipality of Astana to facilitate development finance (loans, leasing and equity) for Astana, the capital of Kazakhstan, and for the surrounding Akmola region. It has since diversified geographically and into certain aspects of investment banking.