Moody's assigns CFRs to 5 companies

Moody's Investors Service said it assigned corporate family ratings to five finance companies in Kazakhstan, the Middle East, South Africa and Ukraine:

• Al Omaniya Financial Services SAOG at Ba3;

• DBK Leasing at Ba3;

• Raiffeisen Leasing Aval at Aa2.ua;

• RCS Investment Holdings (Proprietary) Ltd. at Baa1.za; and

• Saudi Orix Leasing Co. at Ba1.

At the same time, Moody's lowered the issuer ratings of two finance companies in the Middle East by one-notch.

Moody's said the actions reflect the implementation of its revised global rating methodology for finance companies and is not driven by company-specific credit developments.

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