On August 1, 2017 International rating agency Moody’s Investors Service (hereinafter – Moody’s) changed to «Stable» from «Negative» the outlook on the ratings of eight Kazakhstani government-related companies, including JSC KazTransOil, the rating affirmed at «Baa3».
On August 1, 2017 International rating agency Moody’s following the recent change of the outlook on Kazakhstan's government bond rating to «Stable» from «Negative» and the affirmation of the rating at Baa3, changed to «Stable» from «Negative» the outlook on the ratings of eight Kazakhstani government-related companies in the oil and gas, mining, transportation and defence sectors, including JSC KazTransOil, the rating affirmed at «Baa3».
Moody’s notes, that as a result of this rating action, respective baseline credit assessments of eight government-related companies have been affirmed, and their support and dependence assumptions remain unchanged.
The «Stable» outlook on ratings of 8 Kazakhstani companies is in line with the «Stable» outlook for Kazakhstan's sovereign rating and reflects Moody's expectation that each company's specific credit factors, including their operating and financial performance, market position and liquidity, will remain commensurate with their ratings on a sustainable basis.
Current rating of JSC KazTransOil is «Baa3».
