+7 (701) 759 90 19
USD 385.76 EUR 427.89
RUB 6.04 CNY 54.79
News

Fitch Ratings assigns Almaty ‘BBB’ credit rating

17 September 2019 13:13
Share in:
Fitch Ratings assigns Almaty ‘BBB’ credit rating

ALMATY. KAZINFORM - Fitch Ratings has assigned Almaty the international credit rating «BBB» at the level of the sovereign rating of Kazakhstan, Kazinform correspondent reports.

Related news
Kazakhstan has the highest level of urbanization among CA states, Minister Dariga Nazarbayeva, Nikol Pashinyan consider expanding export of Kazakhstani products to Armenia Kazakhstan - first trade partner of EU in Central Asia

Taking into account the analysis of the city’s economy, budget and credit profile over the past five years, Fitch has assigned a long-term issuer default rating (IDR) in foreign and national currencies at the level of «BBB» (investment level) and the autonomous credit profile (SCP) at the level of « BBB +».

This credit rating is a confirmation of the efforts of Almaty supported by the International Finance Corporation (IFC) within the framework of the Program of European and Central Asian Cities (ECACities) in order to identify long-term instruments for private financing of the city’s ambitious infrastructure program.

The credit rating of Almaty city will be included in the list of leading world capitals evaluated by Fitch Ratings in order to attract the attention of the international investment community.

It should be noted that in February 2019 the IFC and the Akimat of Almaty signed a Strategic Partnership Agreement which provides IFC support of the Akimat in gaining access to long-term capital and increasing investment in infrastructure.



Keywords: Economy,
Share in:
+7
Send
Employees online
Editor
Nurmaganbetova Zhanna
Nurmaganbetova Zhanna
954-048
Editor
Kudrenok Tatyana
Kudrenok Tatyana
954-048
Editor
Raushan Alzhanova
Raushan Alzhanova
954-048

Archive