Fitch assigns ratings to Central Asia Cement (Kazakhstan) and its proposed bonds

Fitch assigns ratings to Central Asia Cement (Kazakhstan) and its proposed bondsFitch Ratings has assigned Joint-Stock Company Central Asia Cement (CAC) a National Long-Term Rating of ‘BB-(kaz)’ with a Stable Outlook. The agency has also assigned the prospective KZT2.5bn notes to be issued by the company and guaranteed by its parent company Steppe Cement Ltd and by the affiliated company Karcement an expected rating of ‘B(kaz)(EXP)’. The final rating is contingent on the receipt of final documents conforming to information already received.

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