Kazakhstan Credit Rating

Current Kazakhstan credit ratings, according to the main rating agencies, provide a snapshot of the country’s creditworthiness and financial stability. These ratings are critical for understanding how international and domestic investors perceive Kazakhstan ability to honor its financial commitments.

The ratings are determined by comprehensive evaluations conducted by major credit rating agencies such as Standard & Poor's (S&P), Moody's, and Fitch Ratings. Each of these agencies uses a distinct rating scale and methodology to assess the economic and financial health of Kazakhstan, taking into account various factors such as economic performance, fiscal policies, political stability, and debt levels.

The table below shows the current Kazakhstan credit ratings, according to the main rating agencies.

Swipe left to see all data

Rating Agency	Rating	Outlook	Last Update	Action
Standard & Poor's	BBB-	-	6 Mar 2023	outlook upgrade
Moody's Investors Service	Baa2	positive	30 Oct 2023	outlook upgrade
Fitch Ratings	BBB	-	29 Apr 2016	rating downgrade
DBRS	-	-

Kazakhstan: Long-term Rating Scales Comparison

Kazakhstan long-term credit ratings, as assigned by major rating agencies, offer a comparative insight into the country's creditworthiness over an extended period. Each rating agency uses its own scale to evaluate the credit risk associated with Kazakhstan sovereign debt. These scales help investors understand the likelihood that Kazakhstan will meet its financial obligations.

Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.

Swipe left to see all data

Grade	Description	S&P	Moody's	Fitch	DBRS

Investment Grade	Prime	AAA	Aaa	AAA	AAA


	High Medium Grade	AA+	Aa1	AA+	AA(high)
		AA	Aa2	AA	AA
		AA-	Aa3	AA-	AA(low)


	Upper Medium Grade	A+	A1	A+	A(high)
		A	A2	A	A
		A-	A3	A-	A(low)


	Lower Medium Grade	BBB+	Baa1	BBB+	BBB(high)
		BBB	Baa2	BBB	BBB
		BBB-	Baa3	BBB-	BBB(low)

Speculative Grade	Speculative	BB+	Ba1	BB+	BB(high)
		BB	Ba2	BB	BB
		BB-	Ba3	BB-	BB(low)


	Highly Speculative	B+	B1	B+	B(high)
		B	B2	B	B
		B-	B3	B-	B(low)


	Substantial Risk	CCC+	Caa1	CCC+	CCC(high)
		CCC	Caa2	CCC	CCC
		CCC-	Caa3	CCC-	CCC(low)


	Extremely Speculative	CC	Ca	CC	CC
	Extremely Speculative	C	C	C	C


	In Default	RD	/	RD	RD
		SD	/	SD	SD
		D•NR	D•NR	D•NR	D•NR

The first official book of

Mastering ETF Investing

Build wealth
with Lazy Portfolios and Passive Investing

Set your goal
Use top metrics to evaluate
Choose Bond ETFs to control risk
Join the passive investing strategy

Exclusive new asset allocations in EUR and USD

Buy now
English book

Buy now
Italian book