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
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'
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.