KazTransGas says Standard & Poor's affirmed the company's ratings, outlook "stable"
/KASE, May 13, 2019/ – KazTransGas (Nur-Sultan), whose bonds are officially 
listed on Kazakhstan Stock Exchange (KASE), has informed KASE about the 


On April 30, 2019 international rating agency S&P Global Ratings (hereinafter – 
S&P) affirmed long-term corporate credit ratings of KazTransGas at "ВВ". The 
outlook on ratings – "Stable". Outlook "Stable" on KTG reflects the similar 
forecast on the rating of National company "KazMunayGaz" (hereinafter – the 
Shareholder). At the same time, S&P analysts anticipate that KTG will be in a 
position to fund its investment program with internally generated cash flows. As
a result, they assess KTG's stand-alone credit profile (SACP) at 'bb'.

Thus, the outlook on KTG's rating caused a similar rating action with regard to 
the Shareholder, since subsidiaries cannot have a rating higher than the rating
of the parent company, because there are no effective mechanisms for protection
from potential negative intervention of the Shareholder.


More details are available on KASE website –