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Fitch rates KazMunaiGaz notes BBB-
Fitch Ratings said it assigned KazMunaiGaz National Co.'s $1.25 billion of 6.375% coupon notes due 2021 a final senior BBB- rating.
The outlook is stable.
The notes are issued under the company's and KazMunaiGaz Finance Sub BV's global medium-term note program (rated BBB-), which was increased by $2.5 billion to $7.5 billion in April 2010, the agency said.
Fitch added that the company is rated long-term foreign currency issuer default BBB-, long-term local currency issuer default rating BBB, and short-term foreign currency issuer default rating F3. The outlooks on the long-term issuer default ratings are stable.
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