S&P lifts Kazakhtelecom view to positive

Standard & Poor’s said it revised the outlook on Kazakhtelecom JSC to positive and affirmed the BB long-term corporate credit rating.

The agency also said it raised the company’s national scale rating to kzA+ from kzA.

The outlook revision reflects Kazakhtelecom’s fair management and governance, which was previously considered weak, S&P said.

This improved assessment also depends upon higher predictability in its business and financial decisions, the agency said.

But based on its track record, S&P said it still sees a risk that the company’s capital spending might become more aggressive.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.