Fitch: Mangistau Electricity view to positive

Fitch Ratings said it affirmed Mangistau Electricity Distribution Co. JSC's long-term foreign-currency issuer default rating at BB, short-term foreign-currency issuer default rating at B, long-term local-currency issuer default rating at BB+ and national long-term rating at AA-(kaz).

The outlook was revised to positive from stable.

The agency also affirmed the company's senior unsecured foreign-currency and local-currency ratings at BB and BB+, respectively.

The action follows a periodic rating review of the company and also reflects the upgrade of Kazakhstan's ratings.

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