/KASE, November 27, 2023/ – Kazakhtelecom JSC (Astana), whose securities
are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE
with the following press release dated November 27, 2023:
quote
The international rating agency S&P Global Ratings confirmed the credit rating of
Kazakhtelecom JSC at BB+ with a Stable outlook, reflecting further organic
revenue growth and a moderate level of the company's debt load.
According to the rating agency's expectations, against the background of good
generation of operating cash and significant balances, Kazakhtelecom's needs
for external financing due to large investments in the development of the 5G
network in 2023-2025 will be limited, which will allow maintaining the debt load of
the Kazakhtelecom Group of Companies at an acceptable level for the current
rating.
The S&P Global Ratings report indicates that after the company's recent good
results for 9 months of this year, demonstrated despite the maturity of the
market, the authoritative agency's analysts raised their forecasts for
Kazakhtelecom's consolidated revenue, taking into account the company's
growth potential as a dominant player.
unquote
The complete press release is available on:
-
https://kase.kz/files/emitters/KZTK/kztk_relizs_271123.pdf – in Russian;
-
https://kase.kz/files/emitters/KZTK/kztk_reliz_271123_en.pdf – in English.
[2023-11-27]