S&P confirmed Kazakhstan's rating at “ВВВ- /А-3” with “stable” outlook

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International rating agency S&P Global Ratings reported on the preservation of long-term and short-term sovereign credit ratings of Kazakhstan in foreign and national currency at the level of “BBB- /A-3” with a “stable” outlook, finversia.ru wrote. Experts of the rating agency expect that the state and external balance of Kazakhstan in the next two years will be life-sustaining. They note the strong state balance and foreign liquid assets that exceed the external debt. According to S&P, a possible sharp drop in oil prices or a decline in production are among the risks that could put the ratings under pressure.

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