News and analysis from Kazakhstan - Mar 15th 2010
business and economy
Fitch withdraws Almaty’s ratings
(Fitch) - Fitch Ratings has affirmed the City of Almaty’s Long-term foreign and local currency ratings at BB+, respectively, and has simultaneously withdrawn the ratings.
The Short-term foreign currency rating is affirmed at ‘B’ and the National Long-term rating is affirmed at ‘AA-(kaz)’. The Outlooks on the Long-term foreign and local currency ratings and National Long-term rating are Stable.
The agency will no longer provide ratings or analytical coverage of the City of Almaty.
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