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Sovereign Wealth Funds Briefing - Categorized | Market

S&P affirms ratings on Kazakh sovereign wealth fund at ‘BBB+/A-2′ with stable outlook

Posted on 10 July 2013

Standard & Poor’s Ratings Services affirmed its long- and short-term local and foreign currency credit ratings on Kazakhstan-based government-related entity Samruk-Kazyna (SK) at ‘BBB+/A-2′. The outlook is stable, Standard & Poor’s reported on Tuesday.
The agency also affirmed the Kazakhstan national scale rating at ‘kzAAA’. “This reflects our view of an “almost certain” likelihood of the government providing timely extraordinary support sufficient to service all debt, if needed,” S&P said………………………………………..Full Article: Source


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