Moody's may raise Intergas Central Asia

Moody's Investors Service said it placed the Baa3 with positive outlook foreign currency issuer and corporate family ratings of Intergas Central Asia on review for possible upgrade.

Moody's said the company's ratings reflect the combination of its baseline credit assessment of five (on a scale of one to six, where one represents lowest credit risk); Baa1 local currency rating of the Kazakhstan government; low dependence; and high support.

Moody's assessments of Intergas Central Asia's baseline credit risk, default dependence and government support remain unchanged at this stage.

The rating action therefore solely reflects the impact of the sovereign rating actions, as applied through Moody's GRI rating methodology. An upgrade of the Kazakhstan government ratings would lead to an upgrade of the issuer rating of Intergas Central Asia, the agency said.

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