Industrial Development Fund JSC received a positive outlook from Moody's Investors Service

The international rating agency Moody's Investors Service has upgraded the Long-term issuer ratings of Industrial Development Fund JSC from Ba2 to Ba1 with a “positive” outlook. It should be noted that the Industrial Development Fund JSC was created on behalf of the Head of State Kassym-Jomart Tokayev on May 11, 2020 in order to develop the industrial potential of the national economy. On August 18 of the same year, Resolution No. 521 of the Government of the Republic of Kazakhstan “On the creation of the Industrial Development Fund” was adopted.