OREANDA-NEWS. Subsidiary Bank "Sberbank of Russia" JSC (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following:

... on changing the rating of SB "Sberbank" JSC (hereinafter – the Bank) and bonds issued by the Bank, in accordance with the press-release of international rating agency Fitch ratings of January 22, 2015. Thus:

- the issuer default rating in foreign and national currency was downgraded to level "ВВ+"; outlook "negative";

- subordinated bonds of the First (NIN KZP01Y07C178) and Second (NIN KZP02Y09C172) issues of the First bond program, First issue of the Second bond program (NIN KZP01Y07E018) the credit rating was downgraded to level "ВВ";

- bonds of the Second (NIN KZP02Y05E010), Third (НИН KZP03Y05E018) and Fourth (NIN KZP04Y07E012) issues of the second bond program the credit rating was downgraded to "ВВ+".

The press-release of Fitch Ratings of January 22, 2015 in English, provided by Subsidiary Bank "Sberbank of Russia" JSC, is available on KASE website at http://www.kase.kz/files/emitters/SBER/sber_reliz_220115.pdf