Moody's affirmed Baiterek's rating at «Baa2» with an improved outlook to «Positive»

Moody's affirmed Baiterek's rating at «Baa2» with an improved outlook to «Positive»

On October 31, 2023, The international rating agency Moody's Investors Service has affirmed the long- and short-term issuer rating of Baiterek NMH JSC at Baa2/Prime-2, with an improved outlook to Positive.

The outlook for the issuer has improved in accordance with the sovereign rating of the Republic of Kazakhstan. According to the agency, the holding plays an important role in promoting the economic development of the country, is a key channel for the implementation of state programs and has a stable position due to 100% belonging to the government of the Republic. It should be noted that on October 26, 2023, another international rating agency Fitch Ratings confirmed the long-term rating of JSC «NUH «Baiterek» at the level of «BBB» with a Stable outlook.

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