S&P Global Ratings Revises Kazakhstan’s Outlook to Positive
S&P Global Ratings revised Kazakhstan’s credit rating outlook from stable to positive, affirming the sovereign rating at BBB-. According to the National Bank of Kazakhstan, the positive outlook reflects favorable progress in liberalizing and diversifying the economy, improving public administration, and reducing the budget deficit. The S&P noted moderate external debt and a stable level of international reserves. Among the positive outlook factors, the agency highlighted the strengthening of the monetary policy framework and the National Bank’s measures to curb
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