OREANDA-NEWS. January 11, 2011. Fitch Ratings has affirmed KEGOC JSC long-term foreign currency Issuer Default Rating (IDR) at 'BBB-', the outlook revised to Positive from Stable.

Long-term local currency IDR has been affirmed at 'BBB', the outlook revised to Positive from Stable.

Short-term foreign currency IDR has been affirmed at 'F3'.

KEGOC's ratings continue to be aligned with the sovereign's given the state guarantees for a large part of its debt (56%). KEGOC is under complete state control, and enjoys strong state support due to the strategic nature of Kazakhstan's national electricity transmission networks system.