KEGOC says S&P Global Ratings affirmed the company's rating at "ВВ+"; outlook "Negative"

/KASE, September 12, 2022/ – KEGOC JSC (Nur-Sultan), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE about the following: quote S&P Global Ratings affirmed 'BB+' rating for KEGOC and revised the outlook from 'stable' to 'negative' following a similar change in the outlook on the sovereign rating of the Republic of Kazakhstan. S&P Global Ratings notes KEGOC's adequate liquidity that exceeds its funding needs by more than 1.5 times, which allows the company to meet its obligations without delays. The cash flows are stable and predictable and ensure the company's sustainable development and protection of its shareholders' interests. Thus, the revision of the outlook from "stable" to "negative" is not due to changes in KEGOC's financial condition or its planned profits or dividend payments to shareholders. KEGOC's long-term strategy is aimed at ensuring the reliable functioning of the energy system of Kazakhstan. unquote [2022-09-12]