Fitch affirms KazTransOil JSC at «BBB-», stable outlook

13.11.2020    Views: 162
Source: Press service
«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.  
For reference:

«KazTransOil» JSC is the national operator of the Republic of Kazakhstan for the main oil pipeline. It is included in the group of NC KazMunayGas JSC. It owns a diversified network of main oil pipelines with a length of 5.4 thousand km. It transports oil to Kazakhstani oil refineries and for export in the following directions: the Atyrau-Samara section of the Uzen-Atyrau-Samara main oil pipeline, transshipment to the Kazakhstan-China Pipeline LLP system (Atasu-Alashankou oil pipeline), Aktau port ( loading oil into tankers), transshipment into the system of JSC «Caspian Pipeline Consortium-K», loading oil into railway tanks at the NNP «Shagyr» and OPS named after T. Kasymov. The production facilities of KazTransOil JSC are located in Mangistau, Atyrau, West Kazakhstan, Aktobe, Pavlodar, Karaganda, Kyzylorda, Almaty, Turkestan, North Kazakhstan regions, Nur-Sultan and Shymkent.

Public Relations and Internal Communications Department
of KazTransOil JSC

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