OREANDA-NEWS. October 27, 2011. Fitch international rating agency affirmed rating of JSC KazTransOil (hereinafter – Company) at ‘BBB-‘, the outlook is Stable.

In its press-release rating agency noticing that Company’s ratings reflects its monopoly position in the Kazakh oil transportation sector, and the domestic economy’s high dependence on the oil industry. Furthermore Company has good prerequisites of grow over medium term.

At the same time Fitch noticing stable operating profile and diversified customer base of the Company. Company’s ratings are underpinned by its very robust credit metrics and low level of total debt. Large portion of its cash is held at Kazakh banks.