Fitch Affirms Baiterek at 'BBB' Outlook Stable

On October 26, 2023, Fitch Ratings has affirmed JSC National Management Holding Baiterek's Long-Term Foreign- and Local-Currency Issuer Default Ratings at 'BBB' with Stable Outlooks.

The affirmation reflects Fitch's expectations of the Kazakhstani government's (BBB/ Stable /F2) continuing strong ability and willingness to provide support to Baiterek.