Fitch affirms KazMunaiGas Exploration Production (Kazakhstan) ratings and withdraws them

June 1. KASE

Fitch affirms KazMunaiGas Exploration Production (Kazakhstan) ratings and withdraws themFitch Ratings has affirmed and simultaneously withdrawn JSC KazMunaiGas Exploration Production’s (KMG EP) Issuer Default Ratings (IDR) as follows:

Long-term foreign currency IDR: affirmed at ‘BBB-‘/ Stable Outlook and withdrawn

Long-term local currency IDR: affirmed at ‘BBB-‘/ Stable Outlook and withdrawn

Short-term foreign currency IDR: affirmed at ‘F3’ and withdrawn.

The ratings are no longer considered by Fitch to be relevant to the agency’s coverage.

KMG EP is Kazakhstan-based upstream oil and gas producer, which is majority-owned by state-controlled KazMunaiGaz National Company (‘BBB-‘/Positive).

http://www.kase.kz/en

Share