Fitch rates Kazagrofinance BBB-

Fitch Ratings said it assigned Kazagrofinance ratings of long-term foreign currency issuer default BBB-, long-term local currency issuer default rating BBB, national long-term AA(kaz), short-term foreign currency issuer default rating F3, support 2 and support rating Floor BBB-.

The outlooks for the long-term issuer default ratings are negative and the outlook on the national long-term rating is stable.

Fitch said t hat the ratings reflect a high probability of support from the Kazakhstani government, given Kazagrofinance's state ownership and its role in developing the Kazkahstani agriculture sector.

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