Risques Pays

Analyse Ducroire

• Risque Politique : 3 sur une échelle de 1 à 7
• Risque Commercial élevé, abaissé à C, sur une échelle A,B,C
  

Standards & Poors - 11 mai 2009

long-term sovereign debt ratings,

• BBB- for the foreign currency
• BBB for the local currency.

Coté stable depuis le 11 mai 2009
"The stable outlook reflects our expectation that the Kazakh government will manage the economic challenges the country faces without severe impairment to its fiscal or external balance sheets," the agency said.

MOODY'S - Mai 2009

Moody's Investors Service has downgraded Kazakhstan's local currency government rating to Baa2 from Baa1, the same as its foreign currency rating, and changed the outlook to negative. The rating action reflects continuing fragility in the Kazakh banking system because of its large short-term foreign currency debt obligations.

"The rating changes also take into account the weaknesses inherent in a macroeconomy that depends heavily on the export of commodities whose prices have collapsed sharply," said Moody's Vice President Jonathan Schiffer.