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 rising inflation, as well as a reduction in quasi-fiscal activities.
Analysts noted the banking sector’s resilience to geopolitical and macroeconomic headwinds, with adequate capital buffers and strong liquidit...
