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Standard & Poor’s retains Kazakhstan's credit ratings

03 december 2012, 18:20
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Free source photo
Free source photo
Standard & Poor’s has retained Kazakhstan’s long- and short-term foreign and local currency sovereign credit ratings at 'BBB+/A-2', Interfax-Kazakhstan reports citing the agency’s press-release.

The outlook is stable. Kazakhstan’s national scale rating is affirmed at 'KzAAA'. The transfer and convertibility assessment have remained ‘BBB+’.

S&P notes that Kazakhstan’s ratings are supported by its high budget indicators and fine external balance sheets, significant natural reserves, as well as a high and noncyclical inflow of foreign direct investments.

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