Moody's: Kazakhstan notes Baa3

Moody's Investors Service said it assigned provisional Baa3 long-term foreign currency debt rating to the RMB 1.5 billion Islamic medium-term note program of Development Bank of Kazakhstan and Baa3 senior unsecured debt rating to its RMB 240 million first drawdown under this program.

The outlook on foreign currency debt rating is stable.

Moody's said the ratings are in line with Development Bank of Kazakhstan's global foreign currency issuer rating of Baa3.

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