22.05.2020
S&P confirmed long-term and short-term credit ratings of the Fincraft Group
S&P confirmed long-term and short-term credit ratings of the Fincraft Group On 20 of May, 2020 S&P Global Ratings confirmed long-term and short-term credit ratings of the Fincraft Group at the “B/B” level, and a national scale rating at the “kzBB+” level, after the review of forecast of ratings from “Stable” to “Negative”, as well as removed rating from the list of UCO (“ratings under supervision in connection with the revision of the criteria”). The forecast revision is conducted as a part of similar rating actions globally, including the CIS, and reflects the expectations of S&P Global Ratings that the next 12 months the economic situation of the Kazakhstan and Russia may put a pressure on investments value of the Fincraft Group and its ability to realize the assets.