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S&P Global Ratings. Photo credit: Shutterstock

S&P Upgrade Highlights Kazakhstan’s Economic Resilience and Investment Potential

ASTANA – S&P Global Ratings raised Kazakhstan’s long- and short-term sovereign credit ratings on Aug. 21 to BBB/A-2 from BBB-/A-3, while maintaining a stable outlook. The agency also raised its transfer and convertibility assessment to BBB+ and affirmed Kazakhstan’s national scale rating at kzAAA. The upgrade strengthens Kazakhstan’s position...

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