Moody's: rating of Kazakhstan

Moody's agency has published a credit opinion on the economy of Kazakhstan. In accordance with the updated data, Kazakhstan's rating is in line with pre-pandemic indicators Baa3. Outlook “Positive”.

Initially, the rating of Baa3, the forecast "Positive" was assigned to Kazakhstan in August 2019, the press service of the Government reports.

The factors that made it possible to maintain the Baa3 status and the positive outlook on the credit rating were the low level of government debt, significant fiscal reserves, high potential for economic and household income growth, flexibility and efficiency of the Government in shaping anti-crisis measures and ensuring fiscal sustainability.

Moody’s positively assessed the high growth potential of the economy in both the mining and processing sectors, noting the positive growth rates of the real sector in 2020.

These factors formed a significant reserve against the economic shocks associated with the pandemic.