/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:
quote
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.
unquote
The complete press release is available on –
https://kase.kz/files/emitters/MFAC/mfac_relizs_050824_12.pdf
[2024-08-05]