On May 5, 2016 International rating agency Fitch Ratings (hereinafter – Fitch) following its recent downgrade of Kazakhstan’s sovereign ratings has downgraded the ratings of several Kazakh corporates, including JSC NC «KazMunayGas» and JSC «KazTransOil» to «BBB-», the outlook is Stable.
«KazTransOil»'s ratings are capped by those of JSC NC «KazMunayGas», its majority shareholder, due to the parent's significant influence over «KazTransOil»'s free cash flow through dividends. Downgrade of «KazTransOil»’s rating followed by same action toward JSC NC «KazMunayGas».
Press-relations service of «KazTransOil» JSC
