S&P Global Ratings predicts further revenue growth and improved creditworthiness for Kazakhtelecom

23.11.22 18:16
/KASE, November 23, 2022/ – Kazakhtelecom JSC (Astana), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated November 23, 2022: quote International rating agency S&P Global Ratings once again has published an annual report on Kazakhtelecom JSC credit rating at 'BB+', (Outlook Stable confirmed) in which the agency forecasts further revenue organic growth for the largest telecom operator in Kazakhstan in 2022-2023. In their report S&P analysts noted such key strengths of the Kazakh operator as a dominant position in the domestic telecommunications market, extensive network infrastructure with more than 85,000 kilometers of backbone network and over 14,000 base stations, moderate leverage, as well as strong profitability with high EBITDA margins. unquote The complete press release is available on KASE website: - https://kase.kz/files/emitters/KZTK/kztk_relizs_231122_1.pdf – in Russian; - https://kase.kz/files/emitters/KZTK/kztk_info_231122_1en.pdf – in English. [2022-11-23]