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Article: S&P affirms Kazpost, outlook stable.
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- September 16, 2009
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S&P affirms Kazpost, outlook stable
ALMATY. Sept 16 (Interfax) - Standard & Poor's Ratings Services has affirmed its 'BB' long-term issuer credit and 'kzA+' Kazakhstan national scale ratings on Kazpost (JSC), the state-owned national postal operator in Kazakhstan, the agency said in a press release. The outlook is stable.
The ratings were removed from CreditWatch with negative implications, where they had been placed on June 16, 2009. Before the CreditWatch placement, the outlook was stable.
"The removal from CreditWatch and affirmation reflect our expectations of a "high" likelihood that the Kazakh government will provide timely and sufficient ...