KAZTRANSOIL On March 9, 2023, the international rating agency S&P Global Ratings (hereinafter - S&P) revised the outlook on the rating of «KazTransOil» JSC (hereinafter - KTO) from «Negative» to «Stable». The revision mirrors that on the parent company «KazMunayGas» NC JSC, which in turn is driven by the sovereign.
The rating on KTO reflects S&P's view that there is a high likelihood that KTO would receive timely and sufficient extraordinary government support if needed.
S&P retained KTO's stand alone credit rating at «ВВ+», which is constrained by the group's creditworthiness
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KazTransOil JSC published this content on 13 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 March 2023 13:07:09 UTC.
