/KASE, August 5, 2024/ – MFO "Arnur Credit" LLP (Shymkent), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated August 5, 2024:

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Fitch Ratings has affirmed the credit rating of MFO "Arnur Credit" LLP (hereinafter – ARNUR CREDIT) at "B". Outlook is "Stable". Fitch also assigned a national rating of "BB+(kaz)".

ARNUR CREDIT's rating reflects its small presence in the microfinance industry in Kazakhstan, its focus on higher-risk clients (including the seasonal agricultural sector and small and medium-sized enterprises), only basic underwriting and risk control standards, small absolute capital size and wholesale financing sensitive to trust. The ratings also reflect ARNUR CREDIT's modest and well-controlled credit losses, sound capital ratios and stable profitability.

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The complete press release is available on – see more

[2024-08-05]