S&P upgrades rating of KazMunayGas


S&P Global Ratings has upgraded the long-term ratings of Kazakhstan's National Company KazMunayGas (KMG) in national and foreign currency from BB to BB+, the agency said.

The rating outlook remains negative, inbusiness.kz reports citing Interfax.

The upgrade of the ratings is a consequence of the deal to consolidate KazMunayGas's 100% stake in KMG Kashagan...