The rating of DBK is equivalent to the sovereign rating of the Republic of Kazakhstan, which reflects the opinion of Fitch analysts about the support of the financial institution from the state.
The report of Fitch notes DBK plays an important role as one of the key development institutions of the country, authorized to finance the development of non-resource sectors to reduce Kazakhstan's dependence on raw materials.
“The confirmation of the Bank's ratings by Fitch reflects the stability of our financial institution and the important role it plays to support the development of the economy of Kazakhstan. DBK will continue its work to provide affordable finance for the manufacturing industry and exporters,” comments Botagoz Abisheva, Deputy Chairman of DBK Management Board.
It should be noted DBK also has ratings of other international rating agencies at the country level: Moody's has “Baa2” and S&P has “BBB–".
