Fitch affirms Kazakhstan Mortgage

Fitch said it affirmed Kazakhstan Mortgage Co.’s long-term foreign- and local-currency issuer default ratings at BBB- with a stable outlook.

The short-term foreign currency IDR has been affirmed at F3. Fitch also affirmed the long-term rating of KMC's outstanding senior debt at BBB-.

Under its Government-Related Entities criteria, Fitch said it views the ability and willingness to provide support to KMC by its ultimate sponsor, Republic of Kazakhstan (BBB/stable/F2), as high.

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