Fitch assigns to Kazakhstan Temir Joly final rating of BBB- in the amount of $700 million

/IRBIS, October 6, 2010/ - Fitch Ratings has assigned a final rating of "BBB-" senior unsecured bonds of the issuer Kazakhstan Temir Zholy Finance BV ("KTJ Finance") in the amount of $ 700 million maturing in 2020, stated in the report released today by Fitch. KTJ Finance directly or indirectly wholly owned by JSC National Company "Kazakhstan Temir Joly" (KTJ), Kazakhstan's national railway company. KTJ is wholly indirect ownership of the Government of the Republic of Kazakhstan ("BBB-"/Stable Outlook). Ratings of KTJ: Long-term IDR of "BBB-", Outlook Stable; senior unsecured rating of "BBB-". As indicated, the bonds are jointly and severally unconditionally and irrevocably guaranteed by KTJ and its two key located in the 100-percent owned subsidiaries of JSC Kaztem¦rtrans JSC and "Locomotive." Terms of the bonds include a put option, in case Government of the Republic of Kazakhstan no longer controls any of the guarantors. [2010-10-06]