Wednesday August 6 2025

News Source: Global Exchanges

Focus: Credit Rating

Type: General

Country: Kazakhstan

Link: https://tinyurl.com/3pseuder




On 5th August 2025, KASE Clearing Center JSC (the Clearing Center) announced that it has received a longterm issuer default rating of BBB- with “Stable” outlook from the international agency Fitch Ratings LTD.

The central counterparty is assessed based on analysis of financial statements, considering the specifics of its activities and the level of government support. When assessing the central counterparty, the rating agencies consider the following aspects of its activities:

  • concentration of the major participant,
  • sufficiency of the guarantee fund,
  • sufficiency of margin collateral,
  • investment policy,
  • compliance with requirements of CPMI-IOSCO PFMI.

The assignment of BBB- rating (sufficient level of creditworthiness) with “Stable” outlook to the Clearing Center was the result of a combination of factors reflecting the stability and reliability of its activities.

Click on the above link for further information