/KASE, July 1, 2025/ – National Company "KazMunayGas" JSC (KASE ticker
– KMGZ) announces the following:
quote
on June 27, 2025, the international rating agency S&P Global Ratings upgraded
KMG's credit rating from "BB+" to "BBB-", due to improved standalone
creditworthiness and stable cash flows, with a "Stable" outlook.
KMG's standalone credit profile was raised from "bb" to "bb+" due to a
significant reduction in debt, a balanced approach to dividend distribution,
and returns on investments, which together confirm the Company's resilient
business model. The "Stable" outlook reflects expectations of KMG's effective
management of upcoming capital expenditures in line with its established
financial policy, as well as its ability to withstand external shocks in the
event of oil price volatility or other influencing factors.
As a result, the Company's credit rating has reached parity with the sovereign
rating of Kazakhstan.
unquote
This information in Kazakh is posted at –
https://kase.kz/files/emitters/KMGZ/kmgz_rating_270625_kz.pdf
This information in Russian is posted at –
https://kase.kz/files/emitters/KMGZ/kmgz_rating_270625_5493.pdf
This information in English is posted at –
https://kase.kz/files/emitters/KMGZ/kmgz_rating_270625_en.pdf
[2025-07-01]