Fitch gives KazTransGas bond BB+, AA-(kaz)

Fitch Ratings said it assigned KazTransGas Aimak JSC's KZT 6.7 billion bond a final local currency senior unsecured BB+ rating and national senior unsecured AA-(kaz) rating.

The five-year bond was placed on Jan. 29 (ISIN: KZ2C00002483) and is the first issue under KazTransGas' KZT 50 billion program. It is rated in line with KazTransGas' BB+ senior unsecured rating as it represents a senior unsecured obligation of KazTransGas'.

Fitch expects that KazTransGas' will use the issue proceeds to fund its capex program.

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