Fitch affirms KazTransGas, Intergas

Fitch Ratings said it affirmed KazTransGas' long-term foreign and local currency issuer default ratings at BB+ and its short-term issuer default rating at B. The outlooks on the long-term ratings are stable.

The agency said it simultaneously affirmed JSC Intergas Central Asia's long-term foreign and local currency issuer default ratings at BB+, its senior unsecured rating at BB+ and its short-term issuer default rating at B. The outlooks on the long-term ratings are stable.

Fitch said it rates both companies, which are ultimately fully state-owned via the JSC Sovereign Wealth Fund Samruk-Kazyna, on a standalone basis as it views the linkage between the two and their intermediate parent, KazMunaiGaz National Co. as moderate.

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