| Fitch Ratings international rating agency has affirmed Kazakhstan-based JSC Sovereign Wealth Fund Samruk-Kazyna's (SK) Long-term foreign currency Issuer Default Rating (IDR) at 'BBB+', Long-term local currency IDR at 'A-', National Long-term rating at 'AAA(kaz)' and Short-term foreign currency IDR at 'F2', the message from the rating agency said Oct.9.
The outlooks on the long-term ratings are Stable. Fitch has also affirmed SK's senior unsecured domestic bonds at Long-term local currency 'A-' and at National Long-term 'AAA(kaz)'. “The affirmation of the IDRs and senior debt ratings reflects SK's unchanged strategic importance, and its special legal status as a sovereign wealth fund and the state's key asset management company, 100 percent owned by Kazakhstan (BBB+/A-/Stable),” said the message...............................................Full Article: Source
|