Samruk-Energy says Fitch Ratings affirmed the company's long-term ratings at "BB", outlook Stable

25.02.19, 10:35
/KASE, February 25, 2019/ – Samruk-Energy (Astana), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE as follows: quote International Ratings Agency Fitch Ratings Affirms Samruk-Energy at 'BB', Outlook Stable The Agency Fitch emphasizes that JSC Samruk-Energy's Long-Term Foreign- and Local-Currency credit ratings have been affirmed at 'BB', Outlook Stable, under Fitch's Government-Related Entities (GRE) Rating Criteria. Ratings have been affirmed due to the fact that the Company made significant progress in deleveraging, achieving strong performance and significant financial results of the Group in 2018, which surpassed analysts' expectations. The affirmed ratings include the Agency's opinion on innovations in the legislation on the recently approved electricity and capacity tariff model in Kazakhstan since 2019, as well as on the measures taken by the Group to adjust the marginal tariff and obtain individual tariffs in the future, including through the introduction of new capacities. unquote More details are available on KASE website – http://kase.kz/files/emitters/SNRG/snrg_rating_220219.pdf [2019-02-25]