International rating agency Moody's affirmed the rating of JSC KazTransOil (hereinafter – Company) at ‘Baa3’, the outlook is Stable.
Company’s credit profile benefits from the scale of the company’s operations and revenue stream stability, strong position in the Kazakhstan market, protected by its national operator status, low medium-term risk of losing transportation volumes, strong profitability metrics and low leverage. Moody’s assessment that Company would benefit from a high level of support reflects the company’s strategic importance to the state and the importance of energy exports to the Kazakh economy’s growth.
