Kaspi.kz Gets 'BB+' Rating from Fitch
Ticker: KSPI · Form: 6-K · Filed: Sep 19, 2024 · CIK: 1985487
| Field | Detail |
|---|---|
| Company | Joint Stock Co Kaspi.Kz (KSPI) |
| Form Type | 6-K |
| Filed Date | Sep 19, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | bullish |
Sentiment: bullish
Topics: credit-rating, fitch-ratings, financial-health
TL;DR
Fitch slapped Kaspi.kz with a BB+ rating, stable outlook. Good for borrowing costs.
AI Summary
On September 19, 2024, Joint Stock Company Kaspi.kz announced that Fitch Ratings has assigned the company a Long-Term Issuer Default Rating (IDR) of 'BB+' with a Stable Outlook. This rating reflects Fitch's assessment of Kaspi.kz's strong market position in Kazakhstan and its robust financial performance.
Why It Matters
A 'BB+' rating from Fitch indicates a solid creditworthiness, potentially making it easier and cheaper for Kaspi.kz to access capital markets for future growth or operations.
Risk Assessment
Risk Level: medium — While the 'BB+' rating is positive, it still falls within the 'speculative' or 'non-investment grade' category, indicating some level of risk compared to higher-rated companies.
Key Numbers
- BB+ — Fitch Rating (Indicates the creditworthiness assigned by Fitch Ratings.)
Key Players & Entities
- Joint Stock Company Kaspi.kz (company) — The company receiving the rating.
- Fitch Ratings (company) — The rating agency that assigned the rating.
- BB+ (rating) — The Long-Term Issuer Default Rating assigned by Fitch.
- September 19, 2024 (date) — The date of the announcement.
FAQ
What is the specific Long-Term Issuer Default Rating assigned by Fitch Ratings to Kaspi.kz?
Fitch Ratings assigned Kaspi.kz a Long-Term Issuer Default Rating (IDR) of 'BB+'.
What is the outlook provided by Fitch Ratings for Kaspi.kz?
Fitch Ratings provided a Stable Outlook for Kaspi.kz.
On what date was this rating announcement made?
The announcement regarding the Fitch Ratings was made on September 19, 2024.
Which entity is responsible for assigning this rating to Kaspi.kz?
Fitch Ratings is the entity that assigned the rating to Kaspi.kz.
Does this filing indicate if Kaspi.kz files annual reports under Form 20-F or 40-F?
Yes, the filing indicates that Kaspi.kz files annual reports under Form 20-F.
Filing Stats: 226 words · 1 min read · ~1 pages · Grade level 10.4 · Accepted 2024-09-19 08:44:36
Filing Documents
- kaspi.kz_form_6-k_sept_1.htm (6-K) — 27KB
- kspi-ex99_1.htm (EX-99.1) — 16KB
- img18042212_0.jpg (GRAPHIC) — 6KB
- 0000950170-24-107997.txt ( ) — 52KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Joint Stock Company Kaspi.kz September 19, 2024 By: /s/ Tengiz Mosidze Name: Tengiz Mosidze Title: Chief Financial Officer 3 EXHIBIT INDEX The following exhibit is furnished as part of this Form 6-K: No. Description 99.1 Press release titled “Kaspi.kz receives first international credit rating.” 4