26.02.2016 - S&P lowers Kazakh Sovereign Wealth Fund’s rating
Standard & Poor's Ratings Services lowered its long- and short-term foreign and local currency issuer credit ratings on sovereign wealth fund and joint stock company Samruk-Kazyna to 'BBB-/A-3' from 'BBB/A-2'. The outlook is negative, the agency said Feb. 25. S&P also lowered our Kazakhstan national scale rating on the company to 'kzAA' from 'kzAA+'. At the same time, S&P lowered our ratings on Samruk-Kazyna's senior unsecured debt to 'BBB-' from 'BBB'. The downgrade follows a similar action on the sovereign, the statement said...............................................Full Article: Source
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