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Prospect News home > News index > List of issuers K > Headlines for Kazakhstan > News item |
Fitch cuts Kazakhstan outlook to negative
Fitch Ratings said it revised the outlooks on Kazakhstan's long-term issuer default ratings to negative from stable.
At the same time, Fitch said it has affirmed Kazakhstan's long-term foreign currency issuer default rating at BBB and the long-term local currency issuer default rating at BBB+.
The agency noted that it has also affirmed the Country Ceiling at BBB+ and the short-term rating at F3.
The rating action reflects Fitch's revised assessment of the risks to Kazakhstan's sovereign credit profile arising from a severe curtailment in the Kazakh banking sector's access to international capital markets since August.
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