Fitch rates Kazkommertsbank notes BB

Fitch Ratings said it assigned Kazkommertsbank International BV's upcoming issue of senior notes an expected long-term BB rating.

The notes are to be guaranteed by Kazkommertsbank (rated long-term BB, short-term B, individual C/D and support 3). The size of the upcoming issue is expected to be $150 million.

At the same time, the agency has affirmed Kazkommertsbank International's $350 million 7% senior notes due November 2009, which were issued in November 2004, at BB. The latest issue will be consolidated and form a single series with the $350 million notes.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.