/KASE, June 25, 2024/ – KazTransOil JSC (Astana), with its shares on the
official list of the Kazakhstan Stock Exchange (KASE), provided KASE with a
press release, which states the following:
start of quote
On June 20, 2024, the international rating agency Fitch Ratings affirmed
KazTransOil JSC’s (KTO) Long-Term Issuer Default Rating at "BBB" with Stable
Outlook.
KTO's SCP ("BBB") reflects its solid business profile as a national operator of
oil pipelines in Kazakhstan, fairly stable cash flow generation despite a less
predictable regulatory framework than European peers', and a strong financial
profile.
The current credit rating of KTO is at the same level as the sovereign rating of
the Republic of Kazakhstan ("BBB", Outlook "Stable") and the rating of the
parent company JSC National Company KazMunayGas ("BBB", Outlook "Stable").
end of quote
Full text of the press release in the Kazakh, Russian and English languages is
available at
https://kase.kz/files/emitters/KZTO/kzto_rating_200624_5055.pdf
[2024-06-25]