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Published on 4/26/2019 in the Prospect News Emerging Markets Daily.

Fitch affirms Samruk-Kazyna

Fitch Ratings said it affirmed Samruk-Kazyna's long-term foreign and local currency issuer default ratings (issuer default rating) at BBB, national long-term rating at AAA(kaz) and short-term foreign currency issuer default rating at F2.

The outlooks are stable.

Fitch has also affirmed its senior unsecured domestic bonds at BBB/AAA(kaz).

Fitch said it views the ability and willingness of Samruk-Kazyna's owner, Kazakhstan (BBB/stable/F2), to provide support as high.

“Based on our assessment of the strength of linkage and incentive to support we equalise SK's issuer default ratings with those of Kazakhstan,” the agency said in a news release.


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