1. Sovereigns Ratings List

Kazakhstan Rating: Kazakhstan Credit Rating

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Rating Moody's Kazakhstan
Long term RatingShort term Rating
Foreign currencyLocal currencyForeign currencyLocal currency
DateRating(Outlook)DateRatingDateRatingDateRating
2023-10-27Baa2 (Positive)
2021-08-11Baa2 (Stable)
2019-08-22Baa3 (Positive)
2017-07-26Baa3 (Stable)
2016-04-22Baa3 (Negative)
2016-03-04Baa2 (Under Review)
2015-03-31Baa2 (Stable)
2013-08-16Baa2 (Positive)2023-10-27Baa2
2010-04-05(Stable)2021-08-11Baa2
2009-05-12(Negative)2019-08-22Baa3
2006-06-10Baa22017-07-26Baa3
2006-06-09Baa2 (Stable)2016-04-22Baa3
2006-05-03(Under Review)2016-03-04Baa2
2004-07-13(Positive)2015-03-31Baa2
2003-11-15(Stable)2013-08-16Baa2
2002-09-19Baa32009-05-13Baa2
2001-06-18Ba22002-09-19Baa1
1999-02-18B12002-01-14Ba1
1996-11-11Ba31999-06-25B1
Moody's: Long term Rating
Rating S&P Kazakhstan
Long term RatingShort term Rating
Foreign currencyLocal currencyForeign currencyLocal currency
DateRating(Outlook)DateRatingDateRatingDateRating
2023-03-03BBB- (Stable)
2022-09-02BBB- (Negative)
2017-09-08(Stable)
2016-02-17BBB- (Negative)2023-03-03BBB-
2015-02-09BBB (Negative)2022-09-02BBB-
2014-06-13(Negative)2016-02-17BBB-2016-02-17A-3
2011-11-07BBB+ (Stable)2015-02-09BBB2011-11-07A-22016-02-17A-3
2010-12-23BBB (Stable)2010-12-23BBB+2004-05-20A-32010-12-23A-2
S&P: Long term Rating
Rating Fitch Kazakhstan
Long term RatingShort term Rating
Foreign currencyLocal currencyForeign currencyLocal currency
DateRating(Outlook)DateRatingDateRatingDateRating
2020-02-21BBB2020-02-21F2
2019-09-06BBB2020-02-21BBB2019-09-06F2
2019-03-22BBB2019-09-06BBB2019-03-22F2
2018-09-28BBB2019-03-22BBB2018-09-28F2
2018-04-13BBB (Stable)2018-09-28BBB2018-04-13F2
2017-10-20BBB (Stable)2018-04-13BBB2017-10-20F2
2017-04-21BBB (Stable)2017-10-20BBB2017-04-21F2
2016-10-28BBB (Stable)2017-04-21BBB2016-10-28F2
2016-07-22BBB (Stable)2016-10-28BBB2016-07-22F2
2016-04-29BBB (Stable)2016-07-22BBB2016-04-29F2
2015-10-30BBB+ (Stable)2016-04-29BBB2015-10-30F2
2015-05-01BBB+2015-10-30A-2015-05-01F2
2014-11-07BBB+ (Stable)2015-05-01A-2014-11-07F2
2014-10-08BBB+ (Stable)2014-11-07A-2014-10-08F2
2014-05-09BBB+ (Stable)2014-10-08A-2014-05-09F2
2013-11-14BBB+ (Stable)2014-05-09A-2013-11-14F2
2012-11-20BBB+ (Stable)2013-11-14A-2012-11-20F2
2011-11-21BBB2012-11-20A-2011-11-21F3
2010-12-20BBB- (Positive)2011-11-21BBB+2010-12-20F3
2009-12-16BBB- (Stable)2010-12-20BBB2009-12-16F3
2009-06-05BBB- (Negative)2009-12-16BBB2009-06-05F3
2009-02-19BBB- (Negative)2009-06-05BBB2009-02-19F3
2008-11-09BBB- (Negative)2009-02-19BBB2008-11-09F3
2007-12-17BBB (Negative)2008-11-09BBB2007-12-17F3
2007-10-08BBB (Stable)2007-12-17BBB+2007-10-08F3
2006-12-21BBB (Positive)2007-10-08BBB+2006-12-21F3
2005-12-20BBB (Stable)2006-12-21BBB+2005-12-20F3
2004-10-27BBB- (Stable)2005-12-20BBB+2004-10-27F3
2003-11-19BB+ (Positive)2004-10-27BBB2003-11-19B
2002-10-11BB+ (Stable)2003-11-19BBB-2002-10-11B
2001-07-12BB (Stable)2002-10-11BBB-2001-07-12B
2000-09-21BB- (Stable)2001-07-12BB+2000-09-21B
2000-05-05BB-2000-09-21BB2000-05-05B2020-02-21F2
1999-02-15BB-2000-05-05BB1999-02-15B2019-09-06F2
1998-01-27BB1999-02-15BBB-1998-01-27B2019-03-22F2
1996-11-05BB-1998-01-27BBB-1996-11-05B2018-09-28F2
Fitch: Long term Rating

GradeMoody'sS&PFitch
PrimeAaaAAAAAA
High gradeAa1AA+AA+
Aa2AAAA
Aa3AA-AA-
Upper medium gradeA1A+A+
A2AA
A3A-A-
Lower medium gradeBaa1BBB+BBB+
Baa2BBBBBB
Baa3BBB-BBB-
Non-investment grade
speculative		Ba1BB+BB+
Ba2BBBB
Ba3BB-BB-
Highly speculativeB1B+B+
B2BB
B3B-B-
Substantial risksCaa1CCC+CCC+
Caa2CCCCCC
Caa3CCC-CCC-
Extremely speculativeCaCCCC
C
In default with little
prospect for recovery		SDRD
In defaultCDD
DD
DDD
Not ratedWRNR
GradeMoodysS&PFitch
High gradeP-1A-1+F1+
Upper medium gradeP-1A-1F1
Lower medium gradeP-2A-2F2
Non-investment grade
speculative		P-3A-3F3
Highly speculativeBB
Extremely speculativeNPCC