Fitch Downgrades Astana Finance To RD

Fitch Ratings has today downgraded Kazakhstan-based JSC Astana Finance’s (AF) Long-term Issuer Default Ratings ( IDR) to ‘RD’ (Restricted Default) from ‘CCC’, thereby resolving the Watch Negative (RWN) on the ratings. The agency has also downgraded JSC Astana Finance Leasing (AFL), a subsidiary of AF, to ‘C’ from ‘CCC’. A full list of rating actions is provided at the end of this commentary.

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Cisco and Kazakhtelecom Collaborate to Foster Technology Development in Kazakhstan

Cisco and Kazakhtelecom Collaborate to Foster Technology Development in KazakhstanCisco and JSC Kazakhtelecom (Kazakhtelecom) today announced that they are extending their cooperation and work on a number of new initiatives. These will be designed to help Kazakhtelecom develop new, integrated services for its private, institutional and enterprise customers, both within Kazakhstan and internationally.

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