S&P Global Ratings upgraded outlook on Kazakhtelecom's credit rating taking into account the company's strategic development prospects

31.07.25 12:48
/KASE, July 31, 2025/ – Kazakhtelecom JSC (KASE ticker – KZTK) reported the following: quote Kazakhtelecom continues to implement a long-term sustainable development strategy with an emphasis on high-tech areas, which was positively noted by analysts from the international rating agency S&P Global Ratings. S&P Global Ratings upgraded the company's rating on the national (Kazakhstan) scale from "kzA+" to "kzAA-", and also improved the outlook to "Stable", affirming the long-term credit rating of Kazakhtelecom at "BB". The agency's analysts came to these conclusions after receiving a more detailed understanding of the company's development strategy, investment plans and expected results after the sale of the mobile asset to Mobile Telecom-Service LLP at the beginning of 2025. unquote This information is posted at – https://kase.kz/files/emitters/KZTK/kztk_relizs_310725_en.pdf [2025-07-31]