S&P affirms KazTransOil

S&P said it affirmed its BB- long-term issuer credit rating on KazTransOil.

The outlook is stable.

The agency said the affirmation reflects a view of the company’s unchanged stand-alone credit profile of bb+, the company's strategic importance for its parent, KazMunayGas, as well as an assessment that there is a high likelihood that KazTransOil would receive timely and sufficient support from the government of Kazakhstan if needed.

S&P said the rating remains constrained by the rating on KazMunayGas.

© 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.