Global Rating Agency Confirms Kazakhstan’s Investment-Grade Status
Illustration: elements.envato.com
Fitch Ratings has affirmed Kazakhstan’s sovereign credit rating at BBB with a stable outlook, Orda.kz reports, citing the Ministry of National Economy.
Fitch is one of the world’s major rating agencies. It assesses the financial stability of states and companies, including their ability to repay debt. Its ratings are used by investors around the world.
A BBB rating is considered investment grade. It means Kazakhstan is viewed as a relatively reliable borrower that can meet its financial obligations, although its economy remains exposed to external factors such as oil prices and global market conditions.
According to Fitch, Kazakhstan’s rating is supported by a strong external position, significant net foreign assets, and low government debt.
The agency noted that higher oil prices in 2026 could further strengthen the country’s financial position. By the end of May, foreign currency assets of the National Fund had reached $66.4 billion, up from last year.
Kazakhstan’s gross international reserves reached $67.6 billion, with high global gold prices contributing significantly to the increase.
Fitch expects government debt to remain low, at about 23% of GDP in 2026–2027.
According to analysts, Kazakhstan’s economy grew by 6.5% in 2025, driven mainly by transport, industry, and services. Going forward, growth is expected to be supported by non-resource sectors.
Original author: Rustam Muratov
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