/KASE, August 6, 2024/ – Microfinance Organization "KMF" LLP (Almaty), 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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The international rating agency Fitch Ratings has affirmed the long-term issuer default rating (IDR) of the Joint-Stock Company Microfinance Organization "KMF" at "B+" with a stable outlook. Fitch Ratings also affirmed the national long- term rating of KMF at "BBB (kaz)" with a stable outlook.

The ratings of MFO "KMF" JSC reflect a business model focused on lending to micro, small and medium-sized businesses, and stable work in the microfinance market of Kazakhstan. The "Stable" outlook indicates the good competitive position of KMF and plans to obtain a banking license.

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[2024-08-06]