Moody's placed KTZH rating on the review with possibility of downgrading

/INTERFAX-KAZAKHSTAN, Almaty, January 21, 09/ - Moody's Investors Service placed rating of A3 issuer of national railway company Kazakhstan Temir Zholy (KTZH) with possibility of downgrading on the review, the rating agency's message says. Moreover, rating of A3 issuer was placed on the review on unsecured Eurobonds with premium claim of $800 m., issued by financial company Kazakhstan Temir Zholy Finance B.V. and guaranteed by KTZH and its subsidiaries. The review reflects risks of deteriorating of economic and financial situations in the country, what may affect KTZH activity and ability to finance its current programs. At the same time, Moody's notes that KTZH plays strategic part in Kazakhstan economy and enjoys government's support. [2009-01-22]