Fitch rates KazTransGas Aimak's bond BB+(EXP)

Fitch Ratings said it assigned JSC KazTransGas Aimak's upcoming KZT-denominated bond an expected local currency senior unsecured BB+(EXP) rating and national senior unsecured AA-(kaz)(EXP) rating.

The upcoming bond is the first issue under KazTransGas' KZT 50 billion program. It is rated in line with KazTransGas' senior unsecured rating of BB+ as it will represent a senior unsecured obligation of KazTransGas.

KazTransGas is Kazakhstan's state-owned near-monopoly engaged in domestic natural gas transportation and distribution. Its ratings are aligned with that of its immediate parent and Kazakhstan's national gas operator KazTransGas JSC (KTG, BB+/stable) and reflect the company's dominant market position and its strong strategic and operational ties with KTG.

© 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.