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Kazakhstan, Russia rank in same diapason Standard & Poor's and Fitch rate

Business Materials 1 December 2011 16:16 (UTC +04:00)
Kazakhstan was rated in the same diapason with Russia in a rating of Standard & Poor's and Fitch, which testified for the correct economic policy, Prime Minister Karim Massimov said to the Astana Economic Forum Socio-economic development of Kazakhstan: 20 years of independence and new challenges.
Kazakhstan, Russia rank in same diapason Standard & Poor's and Fitch rate

Kazakhstan, Astana, Dec. 1 /Trend K.Konirova/

Kazakhstan was rated in the same diapason with Russia in a rating of Standard & Poor's and Fitch, which testified for the correct economic policy, Prime Minister Karim Massimov said to the Astana Economic Forum Socio-economic development of Kazakhstan: 20 years of independence and new challenges.

"The Standard & Poor's and Fitch agency improved the rating of Kazakhstan two or three weeks ago, and we are almost in the diapason with Russia and far ahead of some other countries. It is a good example of the economic policy that is available today," Massimov said.

According to Massimov, Kazakhstan's economy could withstand the first wave of the global financial crisis and pass the problems that stood in front of it from 2007 to 2009 relatively painless.
"Economic development of 2009-2010 suggests that Kazakhstan again came out on a sustainable basis for economic development. GDP growth was 7 percent in 2010 and I think that we will see the growth of 7 percent for 10 months of 2011," Massimov said.

Masimov noted that Kazakhstan was among 50 countries in the Duing business rating.

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