Fitch affirms KEGOC at ‘BBB-‘; outlook stable


Fitch Ratings has affirmed Kazakhstan Electricity Grid Operating Company’s (KEGOC) Long-Term Foreign-Currency Issuer Default Rating at ‘BBB-‘. The Outlook is Stable. A full list of ratings actions is available at the end of this commentary.

Fitch rates KEGOC one notch lower than its ultimate dominant (90%) shareholder The Republic of Kazakhstan...