Samruk-Energy strengthens financial stability and enters credit risk's green zone

13.01.21 11:44
/KASE, January 13, 2021/ – Samruk-Energy (Nur-Sultan), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following statement of January 13, 2021: quote The financial position of the largest Kazakh electric power holding based on the results of operations in 2020 is characterized as stable, despite the impact of the COVID-19 pandemic and a significant change in the economic situation. Samruk-Energy JSC is in the "green" zone of credit risk. In accordance with the Policy on debt management and financial stability of Samruk-Kazyna JSC, Samruk-Energy determines the credit risk zone on an annual basis as "red", "yellow" and "green". A set of measures allowed the company to reduce the level of debt burden to "green" and minimize currency risks. For example, refinancing of foreign currency liabilities in tenge – Moinak HPP JSC in the amount of USD148 mln, Ekibastuz GRES-2 JSC in the amount of about KZT100 bn. As a result, the share of currency liabilities in the loan portfolio was reduced to 1.5%. unquote The complete information is available on KASE website at: - – in Kazakh; - – in Russian. [2021-01-13]