S&P affirms Samruk-Kazyna

S&P said it affirmed its BB+/B long- and short-term issuer credit ratings on Samruk-Kazyna.

The outlook is stable.

The agency also affirmed the kzAA- Kazakhstan national scale rating on Samruk-Kazyna and the BB+ issue rating on the company's senior unsecured debt.

S&P said the affirmation reflects that it continues to see an almost certain likelihood of Samruk-Kazyna receiving extraordinary support from the government of Kazakhstan (BBB-/stable/A-3), its sole shareholder, in case of need.

The agency said the view is based on Samruk-Kazyna's critical role for the government as the main vehicle for implementing its agenda for strategic industrialization and long-term economic sustainability and diversification.

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