Baku, Azerbaijan, September 20
By Nargiz Sadikhova - Trend:
Fitch Ratings has assigned Kazakhstan forthcoming EUR notes under the USD10 billion Global Medium Term Note Program an expected rating of 'BBB (EXP)', Trend reports with reference to Fitch’s report.
According to the report, the final rating is subject to the receipt of final documentation conforming to information already received.
“The expected rating is in line with Kazakhstan's Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'BBB', which has a Stable Outlook,” the report said.
Furthermore, the agency said that the notes' rating will be sensitive to any changes in Kazakhstan's Long-Term Foreign-Currency IDR.
“Fitch affirmed Kazakhstan's Long-Term Foreign- and Local-Currency IDRs at 'BBB' with a Stable Outlook in September 2019,” the agency's report said.
Fitch Ratings Inc. is one of the three nationally recognized statistical rating organizations (NRSRO) designated by the US Securities and Exchange Commission in 1975. The firm was founded on December 24, 1914, in New York City as the Fitch Publishing Company.
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