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S&P affirms Kaztemirtrans
Standard & Poor's said it affirmed its BB+ long-term corporate credit and kzAA- Kazakhstan national-scale ratings on JSC Kaztemirtrans, 100% owned by Kazakhstan Temir Zholy (KTZ, BB+/stable, Kazakhstan national-scale kzAA-).
The outlook is stable.
The agency said that the ratings on Kaztemirtrans reflect KTZ's credit quality, noting that it takes a consolidated view of the KTZ group and equalize the long-term rating on Kaztemirtrans with that on KTZ, because Kaztemirtrans is a strategic core subsidiary of KTZ.
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