Baku, Azerbaijan, July 23
The Moody's international ratings agency has withdrawn all ratings of the largest operator of freight railcar fleet of Kazakhstan, Kaztemirtrans JSC, the agency said in a statement July 23.
Moody's decided to withdraw the ratings for its own business reasons, the agency said in the statement.
The agency reminds that earlier Kaztemirtrans JSC had a corporate family rating of Ba1 and probability of default of Ba1-PD. The ratings had a stable outlook.
The baseline credit appraisal (BCA) of Kaztemirtrans JSC was b2.
Kaztemirtrans JSC is a subsidiary of the railway operator Kazakhstan Railways (KTZ) NC JSC.