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Commodities Briefing - Categorized | Market Moves, Trading more

S&P upgrades Kazakhstan a notch on commodity exports

Posted on 08 November 2011

Standard & Poor’s Ratings Services upgraded Kazakhstan a notch higher in investment-grade territory saying the benefits of rising commodity exports overpower political uncertainties and a weak financial sector.
The Central Asian republic, which has one of the largest economies in the region thanks to its vast natural resources, has both a fiscal and current-account surplus, supported by rising oil production and prices, the firm said………………………………………..Full Article: Source


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