Kazakhstan's Credit Rating Reaffirmed at Baa1 for Fiscal Strength and Economic Resilience
Moody's Investors Service has reaffirmed Kazakhstan's Sovereign Credit Rating at Baa1 with a stable outlook. The agency highlighted several key factors contributing to this assessment, made in Almaty.
Kazakhstan's fiscal strength is a significant factor in its rating. The budget deficit is expected to remain moderate, and government debt will stay low compared to other Baa-rated peers. The country's low government debt and high debt-servicing capacity are notable strengths.
The agency also commended Kazakhstan's resilience to external shocks and steady economic growth. The country's ability to withstand crises and its strong fiscal position further support its credit score.
Moody's acknowledged ongoing institutional and economic reforms. These reforms, including changes to the Tax Code, could enhance Kazakhstan's investment appeal and accelerate economic diversification.
Moody's Investors Service has confirmed Kazakhstan's Sovereign Credit Rating at Baa1 with a stable outlook. The country's fiscal strength, economic resilience, and reform efforts are key reasons for this positive assessment.
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