Moody's: Kazakhstan's rating supported by low public debt, sizable fiscal reserves
- Written by TCA
ASTANA (TCA) — Moody's Investors Service on May 9 said that Kazakhstan's Baa3 rating is supported by the country's relatively high wealth levels, low public debt and high debt affordability, as well as sizable fiscal reserves held in foreign exchange, providing a significant buffer against the negative fiscal and balance of payments impact of lower oil prices.
