Moody's on Aug. 28 changed the outlooks of Fund of Financial Support for Agriculture JSC and JSC Development Bank of Kazakhstan to positive from stable.
The rating agency affirmed the long-term foreign- and local-currency issuer rating of Development Bank of Kazakhstan at Baa3. The national scale rating of Fund of Financial Support for Agriculture was upgraded to A1.kz from A2.kz.
The outlook change mirrored the outlooks of their parents, JSC KazAgro National Management Holding and National Managing Holding Baiterek JSC, Moody's said.
