«KazTransOil» JSC announces about affirmation by the international rating agency Fitch Ratings Ltd of «KazTransOil» JSC long-term rating of default in foreign currency at the level of «BBB-» with a «Stable» outlook.
On November 11, 2020 the international rating agency Fitch Ratings (hereinafter -Fitch) affirmed default long-term rating of «KazTransOil» JSC (hereinafter – KazTransOil or Company) in foreign currency at the level of «BBB-» with a «Stable» outlook.
Fitch notes that KazTransOil’s ratings reflect its strong operating and financial performance. The Company maintains a dominant position in the oil transportation sector in the Republic of Kazakhstan, which is strategically crucial for the economy of the country. The Company is not directly affected by fluctuations of oil prices, which is a favorable factor for its business profile.
Fitch considers KazTransOil's separate operating profile to be in line with the «bbb» rating category, which is being held by the rating level of JSC NC «KazMunayGas» («BBB-», outlook- «Stable») and the regulatory environment.
