S&P raises Ratings on Core KMG Subsidiaries

    We have changed our rating approach for the subsidiaries of Kazakhstan’s 100% state-owned oil company JSC NC KazMunaiGas (KMG), including the 63%-owned oil production company KazMunaiGas Exploration Production JSC (KMG EP), 100%-owned oil pipeline company KazTransOil (KTO), and 100%-owned gas pipeline company KazTransGas (KTG).     - We are raising the long-term issuer...