ASTANA, Kazakhstan, June 21. The international
rating agency Fitch Ratings confirmed the long-term issuer default
rating of KazTransOil at “BBB” with a “Stable” outlook, Trend reports via
KazTransOil.
The company’s rating corresponds to the sovereign rating of the
Republic of Kazakhstan and the rating of its parent company,
KazMunayGas (“BBB,” outlook “Stable”).
Fitch observes that the credit profile of KazTransOil is
underpinned by a robust operational framework as the national oil
pipeline entity, consistent cash generation, and a resilient fiscal
stance, notwithstanding a more volatile regulatory landscape
relative to European counterparts.
Fitch Ratings stands as a prominent player within the triad of
leading global credit rating agencies, in conjunction with Moody’s
and Standard & Poor’s (S&P). The firm is engaged in the
evaluation of credit ratings, which meticulously analyze the
creditworthiness of entities, sovereigns, and financial
instruments.
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