S&P rates Kazzheldortrans

Standard & Poor's said it assigned its BB+ long-term corporate credit rating and its AA-(kz) Kazakhstan national-scale rating to JSC Kazzheldortrans, a 100% subsidiary of Kazakhstan Temir Zholy (BB+/stable).

The outlook is stable.

S&P said that the ratings on Kazzheldortrans reflect the consolidated credit quality of the parent company, noting that the company is closely integrated with the freight operations and receives the bulk of its revenues from Kazakhstan Temir Zholy.

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