You can never have too much of a good thing. That’s the clear message from the international bond markets, where investors have been gobbling up the spate of recent Eurobond issues from Kazakhstan’s leading banks, secure in the knowledge that there continues to be plenty of good news from the former Soviet Union’s star economy. In recent years, Kazakhstan has proved a profitable safe haven from choppy market conditions in other emerging markets.
Investors’ faith in the improving Kazakhstan credit story received a timely endorsement at the end of May with the announcement by Standard & Poor’s that it had raised its long-term foreign currency ratings for the Republic of Kazakhstan to BB+ from BB, and its local currency ratings to BBB-/A-3 from BB+.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
