/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:
quote
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.
unquote
More information is available on –
https://kase.kz/files/emitters/MFKM/mfkm_relizs_050824_1.pdf
[2024-08-06]