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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