On August 22, 2019 following Kazakhstan’s sovereign rating affirmation and change of outlook to positive, the International rating agency Moody’s Investors Service (hereinafter – Moody’s) has changed the outlook of Kazakhstani corporates, including JSC KazTransOil, from stable to positive. JSC KazTransOil’s long term rating «Baa3» has been affirmed.
The change of Kazakhstan’s government outlook to positive was driven by Moody’s assessment that economic resilience in Republic of Kazakhstan is increasing, supported by robust growth prospects in both hydrocarbon and non – hydrocarbon sectors, and rising incomes.
The affirmation of Republic of Kazakhstan’s rating reflected the government’s strong balance sheet, supported by a low debt burden, sizeable financial buffers, and robust economic growth prospects.
