On August 22, 2019, the international rating agency Moody's Investors Service (hereinafter - Moody's) changed the outlook for the ratings of Kazakhstani companies, including KazTransOil JSC, from Stable to Positive, confirming the rating at Baa3.
This increase is due to a similar rating action in relation to the Republic of Kazakhstan.
The change in Moody's forecast is due to the assessment of the growth of economic stability in the Republic of Kazakhstan, supported by sustainable growth prospects in both the hydrocarbon and non-hydrocarbon sectors and revenue growth.
The affirmation of the rating of the Republic of Kazakhstan reflects the strong balance of the Government, supported by a low debt burden, significant financial reserves and sustainable prospects for economic growth.
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