Moody’s rates KazAgro Ba1/Aa2.kz

Moody's Investors Service said it assigned Ba1 long-term and Not Prime short-term local and foreign currency issuer ratings to KazAgro National Management Holding JSC.

The outlook is stable.

At the same time, the agency assigned an Aa2.kz national scale issuer rating to KazAgro.

Moody’s said the ratings reflect the holding company's important role in promoting development of agriculture sector in Kazakhstan.

“The rating also incorporates KazAgro's significant integration with the government, through the government's 100% ownership of the holding company and its involvement in KazAgro's business activities, including control over its financial performance and approval of its key metrics,” the agency said in a news release.

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