KazTransGas Aimak says agency Fitch Ratings affirmed company long-term default rating at ВВВ-, outlook stable
International rating agency Fitch Ratings has affirmed long-term Issuer Default
Ratings ("IDR") of KazTransGas JSC (KTG) and a 100% owned subsidiaries –
Intergas Central Asia JSC (ICA) and KazTransGas Aimak JSC (KTG Aimak) – at
"BBB-".
The affirmation of ratings of KTG and its subsidiaries reflects the agency's
opinion that leverage and debt coverage ratios of the group will return to the
acceptable levels in 2017-2018 after a temporary downfall in view of reduction
of gas transit from Central Asia to Russia announced by Gazprom OJSC ("ВВВ-
"/outlook negative) and KZT devaluation in February 2014.
The ratings outlook is stable, according to a press release by the agency,
according to the Appendix to this letter.
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