/KASE, November 4, 2024/ – KazTransOil JSC (Astana), whose shares are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with
the following press release:
quote
On October 31, 2024, the international rating agency S&P Global Ratings
(hereinafter - S&P) published its annual review of the credit rating of
KazTransOil JSC (hereinafter – the Company). S&P continues to maintain the
Company's credit rating at "BB+", with a "Stable" outlook.
Among the key strengths highlighted by S&P are the Company's solid market
position and its important role as the national operator of Kazakhstan's main
oil pipeline system, minimal leverage and high likelihood of government support
if necessary.
S&P has retained the Company's stand-alone credit profile rating at "bb+", which
is constrained by the rating of JSC NC KazMunayGas.
unquote
The press release in Kazakh, Russian and English is available at
https://kase.kz/files/emitters/KZTO/kzto_relizs_041124_9400.pdf
[2024-11-04]