S&P ups Kazakhtelecom national rating

S&P said it affirmed its long-term foreign and local currency issuer credit ratings on Kazakhtelecom JSC at BB+.

The outlook is stable.

At the same time, the agency raised the Kazakhstan national scale rating on Kazakhtelecom to kzAA from kzAA- and removed the under criteria observation identifier on the rating.

“This follows the revision of our criteria on national scale ratings and subsequent recalibration of the mapping table for Kazakhstan,” S&P said in a news release.

“This rating action does not reflect any change in the fundamental credit quality of the issuer.”

© 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.