S&P affirms KazTransOil Outlook to Positive; 'BB+' Rating

Standard & Poor's Ratings Services has announced that it revised its outlook on Kazakhstan-based oil pipeline operator KazTransOil (KTO) to positive from stable, following reassessment of the credit quality of 100% parent, government-controlled oil and gas holding KazMunaiGaz (KMG, not rated). At the same time, the 'BB+' long-term corporate credit...