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KAZAKHSTAN: Moody's downgrades KazExportGarant's financial strength rating to Baa3 with a negative outlook
27 April 2016 —
Moody's Investors Service has today downgraded the insurance financial strength rating (IFSR) of KazExportGarant JSC (KazExportGarant) by one notch to Baa3 from Baa2. This rating action follows the one notch downgrade of the government of Kazakhstan to Baa3, on 22 April 2016. The outlook on KazExportGarant is negative, which is in line with the negative outlook on the sovereign. This rating action closes the review initiated on 10 March 2016 when Moody's placed KazExportGarant's rating on review for downgrade. Read the full story KAZAKHSTAN: Moody's downgrades KazExportGarant's financial strength rating to Baa3 with a negative outlook