S&P Global upgrades KazMunayGas credit rating with stable outlook
Photo: KazMunayGas
S&P Global Ratings has upgraded NC KazMunayGas's (KMG) credit rating to "BBB-" with a stable outlook, reflecting improved financial stability and creditworthiness. The upgrade, announced on June 27, 2025, aligns KMG's rating with Kazakhstan's sovereign rating.
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