Business

S&P Affirms Kazakhstan’s Credit Rating with Stable Outlook Amid Fiscal Pressures

By Assel Satubaldina on 22 February 2025

ASTANA – S&P Global Ratings has affirmed Kazakhstan’s long-term sovereign credit rating at ‘BBB-’ and short-term rating at ‘A-3,’ maintaining a stable outlook despite rising fiscal pressures.  In its Feb. 21 release, S&P analysts explain the rating underscores Kazakhstan’s robust fiscal and external balance sheets, which continue to provide...