National Company "KazMunayGas" announces an upgrade of the company's rating by S&P Global Ratings to "BBB" with a "Stable" outlook
/KASE, September 4, 2026/ – National Company "KazMunayGas" JSC (KASE ticker – KMGZ) has provided the following information:
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On September 2, 2026, the international rating agency S&P Global Ratings upgraded KMG's long-term issuer credit rating on the international scale from "BBB-" to "BBB" with a "Stable" outlook. The agency's decision follows the upgrade of the sovereign credit rating of the Republic of Kazakhstan. The key factor behind the Company's rating upgrade was the upward revision of its stand- alone credit profile (SACP) from "bb+" to "bbb-", driven by a satisfactory business risk profile and a conservative balance sheet structure.
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[2026-09-04]