Fitch Ratings has affirmed Kazakhstan’s JSC Sovereign Wealth Fund Samruk-Kazyna’s Long-Term Foreign- and Local- Currency Issuer Default Rating at 'BBB', National Long-Term Rating at 'AAA(kaz)'. The Outlooks on the Long-Term ratings are Stable.
Fitch Ratings evaluates Samruk-Kazyna as a state investment holding, managing a portfolio of companies, including strategic Kazakhstani enterprises. In addition Samruk-Kazyna participates in vital state-sponsored economic development projects and acts as the government’s agent on privatization of non-core assets.
In Fitch's view, Samruk-Kazyna is particularly important in implementing Kazakhstan's policy for economic development and diversification.
The full text of the Fitch Ratings was published on April 27, 2018 on https://www.fitchratings.com/site/pr/10028164
It should be noted that the President of the Republic of Kazakhstan Nursultan Nazarbayev approved the Fund Development Strategy for 2018-2028 and updated Transformation Programme at the meeting of Samruk-Kazyna Management Board on April 19, 2018.