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Moody's affirms Baiterek, ups KazAgro
Moody's Investors Service said it affirmed JSC National Management Holding Baiterek 's long-term issuer ratings at Baa3 and upgraded KazAgro National Management Holding JSC’s rating to Baa3 from Ba1.
The rating action follows announced KazAgro's merger into Baiterek. Following the completion of the transfer of Kazagro’s assets to Baiterek, Moody's said it will withdraw all of KazAgro's ratings.
The outlooks on Baiterek and KazAgro remain positive.
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