Moody’s revises view for two Kazakh finance companies

Moody's Investors Service said it revised the outlook for two Kazakh finance companies to positive from stable.

Moody’s changed the view on Development Bank of Kazakhstan and Fund of Financial Support for Agriculture JSC to positive, mirroring the outlook change to positive on their parents. The two companies are owned by Baiterek National Management Holding, JSC and KazAgro National Management Holding JSC.

The agency affirmed the global ratings for the Development Bank of Kazakhstan and Fund of Financial Support for Agriculture and upgraded the national scale for the Fund of Financial Support to A1.kz from A2.kz.

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