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S&P affirms Kazakh Agrarian Credit
S&P said it affirmed its BB/B long- and short-term issuer credit ratings on Kazakh Agrarian Credit Corp. (KACC). The outlook is stable.
S&P also affirmed its kzA+ Kazakhstan national scale ratings on KACC.
“The rating affirmation reflects our view that KACC remains a highly strategically important subsidiary of KazAgro Group, which essentially implements and oversees key government programs in the agricultural sector in Kazakhstan,” S&P said in a news release.
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