OREANDA-NEWS. August 27, 2010. Fitch Ratings has assigned a long-term local currency rating of "BB +" and the national long-term rating of "AA-(kaz)" the two issues of subordinated debt of a subsidiary bank of JSC "Sberbank" and a long-term issuer default rating (IDR) in the national currency "BBB-" and the national long-term rating of "AA (kaz)", reported the press-centre of KASE.

As indicated, bonds series 1 have a fixed interest rate of 9% and maturity in 2017. The interest rate on bonds of series 2 is 10% in the first year and then set every six months based on the annual inflation rate plus a premium of one percentage point, with an upper limit at 10% and the lower limit of 4%.