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Fitch Ratings upgrades KazMunaiGas rating to BBB

26 november 2012, 18:35
0
©AFP
©AFP
KazMunaiGas headquarters in Astana. Photo by Danial Okassov©
KazMunaiGas headquarters in Astana. Photo by Danial Okassov©
KazMunaiGas’s long-term rating was upgraded, Tengrinews.kz reports citing the press-service of KazMunaiGas, a national company of Kazakhstan.

“Fitch Ratings agency has upgraded KazMunaiGas’ long-term foreign currency Issuer Default Rating (IDR) to BBB with a Stable Outlook. Fitch has also upgraded KazMunaiGaz Finance Sub B.V.'s foreign currency senior unsecured rating to 'BBB',” the press-service writes.

According to the press-service, this continues the Agency’s upgrades of Kazakhstan’s long-term foreign currency Issuer Default Rating (IDR) to 'BBB+' from 'BBB' and Long-term local currency IDR to 'A-' from 'BBB+'. The Outlooks are Stable.

Fitch Ratings is the international rating agency dedicated to providing value beyond the rating through objective and balanced credit opinions, research and data.

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