Home > Press service > News > 2006 > 12 > 20 > On assigning to Astana Finance JSC the rating of "A+(kaz)" by Fitch Ratings in a... On assigning to Astana Finance JSC the rating of "A+(kaz)" by Fitch Ratings in accordance with the new national rating scale in20.12.2006 Press-service
On 11 December the International rating agency "Fitch ratings" introduced the national rating scale in the. Astana Finance JSC has became the fist company to which the rating of "A+(kaz)" (stable outlook) was assigned on the new national rating scale. Earlier the Fitch rating agency assigned to Astana Finance JSC the long-term and foreign currency related issuer’s default rating of "AA+" (stable outlook). It is Fitch agency’s usual practice that since 1997 it assigns the national ratings to the countries with developing economies. The national rating scale highlights the additional differentiation of trustworthiness of the company as compared to the international scale and lifts restrictions on the sovereign rating of the This high rating A+(kaz) assigned to Astana Finance JSC on the national rating scale will serve as an extra momentum to upgrade the investment attractiveness of the Company in both in internal and external financial markets and to ensure the advantaged status as compared to the other kazakhstani issuers due to its rating history. Establishment of national rating scale in the was available due to the high rate of growth of the domestic market corporative bonds.updated 09.12.2008 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||