Moody's rates Intergas issue Baa3

Moody's Investors Service said it assigned a prospective Baa3 rating to the proposed notes issue by Intergas Finance BV. The company's senior unsecured issuer rating is also Baa3 with a positive outlook.

According to Moody's, the rating of the notes reflects the unconditional, irrevocable, joint and several guarantees from JSC KazTransGas and CJSC Intergas Central Asia and their equal status with all other present and future unsecured obligations.

Moody's said it believes that the Kazakhstani government would support the group in case of need, and looking ahead, Moody's said it expects the company's rating to move in line with that of the sovereign.

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