Baku, Azerbaijan, July 25
Trend:
Moody's has revoked the rating of Kaztemirtrans JSC for its own reasons in order to comply with the internal policy of the rating agency, JSC "NC "KTZ"” (Kazakhstan Railways) said in a statement July 24.
"In accordance with the internal policies of Moody's, in cases where the parent company acts as the guarantor for the obligations of a subsidiary of the company with a vertically integrated structure of activities, it is sufficient to assign the rating to the parent company-the guarantor", the message says.
The financial status of "Kaztemirtrans" JSC is stable at the present time. Its rating is at “BB-“ level with a "stable" outlook according to the data provided by Standard & Poor's agency.