The international
rating agency Moody's Investors
Service has raised Kazakhstan's outlook from Stable to Positive,
confirming the sovereign credit rating at the level of Baa2, as reported by the
press service of the country's Prime Minister. The improved outlook reflects
the agency's assessment of
the ongoing reforms aimed at diversifying the economy. According to
analysts, the increase in
resistance to economic shocks demonstrates the improvement of the
country’s prospects. Overall, the rating confirmation is supported by a strong state balance sheet, a low debt burden
and significant reserves in foreign currency. Additionally, the agency
noted a significant increase in investment in non-oil sectors and new
opportunities for Kazakhstan as a transport and logistics hub, thanks to the
developing Trans-Caspian International Transport Route. In general, Moody’s
analysts anticipate favorable economic prospects for Kazakhstan.
