Fitch: Kazakhstan's rating at “BBB +”:, the forecast is “Stable”

Posted: Samat Posted: 13 May 2014 08:11 Category: Hard News Views: 482

Fitch Ratings has affirmed the sovereign credit rating of Kazakhstan - Long-term foreign currency of the issuer at “BBB +” level, in local currency at “A-” level, the forecast is – “Stable” as informed by ИА "Zakon.kz".

Agency has positively evaluated sovereign country's balance of effective restructuring bank balance, low and stable inflation under flexible exchange rate regime, and improvement in public administration.

However, among the weaknesses it was noted: political risks, risk management which is not fully adequate in the banking sector, frequent price hikes on products that have a negative impact on the balance of payments.

 

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