Fitch rates Leasing Group B

Fitch Ratings said it assigned Leasing Group JSC a long-term issuer default rating of B and national long-term rating of BB+(kaz).

The outlook is stable.

“Leasing Group's IDRs are based on a standalone assessment of the company and do not factor in potential support from the company's largest shareholder, Samruk-Kazyna Invest (SK Invest), a 100% subsidiary of Kazakhstan's sovereign wealth fund Samruk-Kazyna (BBB/stable/F3), which holds a 49% stake in Leasing Group,” the agency said in a news release.

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