Fitch Affirms Kazakhstan’s BBB Sovereign Credit Rating with Stable Outlook
International credit rating agency Fitch Ratings has affirmed Kazakhstan’s sovereign credit rating at BBB with a Stable Outlook, according to Kazakhstan’s Ministry of National Economy.
According to Fitch, the rating is supported by Kazakhstan’s strong external position, substantial net foreign assets, and low level of government debt. The agency noted that higher oil prices in 2026 are expected to further strengthen the country’s external position.
Foreign currency assets held by Kazakhstan’s National Fund reached US$66.4 billion at the end of May 2026. Fitch stated that Kazakhstan’s net foreign asset position is expected to remain among the strongest of countries with comparable credit ratings.
The agency also reported that Kazakhstan’s gross international reserves reached US$67....
