Standard & Poor's credit rating for Kazakhstan stands at BBB- with stable outlook. Moody's credit rating for Kazakhstan was last set at Baa3 with positive outlook. Fitch's credit rating for Kazakhstan was last reported at BBB with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Kazakhstan thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Kazakhstan as reported by major credit rating agencies.


AgencyRatingOutlookDate
Moody'sBaa3 Positive Aug 22 2019
S&PBBB- Stable Sep 08 2017
Moody'sBaa3 Stable Jul 26 2017
FitchBBB Stable Apr 29 2016
Moody'sBaa3 Negative Apr 22 2016
Moody'sBaa2 Negative Mar 04 2016
S&PBBB- Negative Feb 17 2016
Moody'sBaa2 Stable Mar 31 2015
S&PBBB Negative Feb 09 2015
S&PBBB+ Negative Jun 13 2014
Moody'sBaa2 Positive Aug 16 2013
FitchBBB+ Stable Nov 20 2012
FitchBBB Positive Nov 21 2011
S&PBBB+ Stable Nov 07 2011
S&PBBB Stable Dec 23 2010
FitchBBB- Positive Dec 20 2010
Moody'sBaa2 Stable Apr 05 2010
FitchBBB- Stable Dec 16 2009
FitchBBB- Negative Jun 05 2009
Moody'sBaa2 Negative May 12 2009
S&PBBB- Stable May 08 2009
FitchBBB- Negative Watch Feb 19 2009
FitchBBB- Negative Nov 09 2008
S&PBBB- Negative Apr 29 2008
FitchBBB Negative Dec 17 2007
S&PBBB- Stable Oct 08 2007
FitchBBB Stable Oct 08 2007
FitchBBB Positive Dec 21 2006
S&PBBB Stable Nov 02 2006
S&PBBB- Positive Jun 13 2006
Moody'sBaa2 Stable Jun 10 2006
Moody'sBaa3 Positive Watch May 03 2006
FitchBBB Stable Dec 20 2005
FitchBBB- Stable Oct 27 2004
Moody'sBaa3 Positive Jul 13 2004
S&PBBB- Stable May 20 2004
FitchBB+ Positive Nov 19 2003
S&PBB+ Stable May 28 2003
FitchBB+ Stable Oct 11 2002
Moody'sBaa3 Stable Sep 19 2002
S&PBB Positive Jun 25 2002
FitchBB Stable Jul 12 2001
Moody'sB1 Positive Jun 18 2001
S&PBB Stable May 18 2001
Moody'sB1 Positive Watch Mar 07 2001
FitchBB- Stable Sep 21 2000
S&PBB- Stable Jul 28 2000
Moody'sB1 Positive May 04 2000
S&PB+ Stable Dec 22 1999
Moody'sB1 Stable Feb 18 1999
FitchBB- N/A Feb 15 1999
Moody'sBa3 Negative Watch Oct 01 1998
S&PB+ Negative Sep 16 1998
FitchBB N/A Jan 27 1998
Moody'sBa3 Stable Nov 11 1996
FitchBB- N/A Nov 05 1996
S&PBB- Stable Nov 05 1996

 S&PMoody'sFitchDBRSTE
B+ B1 35
BBB BBB+ 62
CCC+ Caa1 CCC 21
CCC+ Ca CCC CCC 15
Ba3 B+ 16
BBB+ BB 55
AAA Aaa AAA AAA 100
AA+ Aa1 AA+ AAA 96
BB+ Ba2 BB+ 48
BB Ba2 50
B+ B2 B+ 35
BB- Ba3 BB- 40
B- Caa1 22
B B3 B 28
AA Aa3 AA- AA (high) 86
CCC+ Caa1 14
B+ B2 B 31
A+ A2 N/A 78
B+ B2 B 33
B B3 27
BBB+ A2 70
BB- Ba2 BB- BB (low) 42
BBB Baa1 BBB 60
B 25
N/A B2 30
B- B2 B 28
AAA Aaa AA+ AAA 100
B B- 27
Aa3 85
A+ A1 A- N/A 78
A+ A1 A+ A (high) 80
BBB- Baa2 BBB- BBB 57
CCC+ Caa1 20
B B2 B 31
BBB- Ba2 BBB- 51
Caa2 15
BBB- Ba2 BBB- BBB (low) 50
AA- Aa3 AA- 83
AAA Aaa AAA AAA 100
BB- Ba3 BB- 40
B- Caa3 B- 18
B B2 B+ 30
B- B3 B- 25
AA- A1 AA- AA (low) 83
B B2 B 30
AA Aaa AAA AAA 98
BB- Ba3 40
AA+ Aa1 AA+ AA (high) 96
AA Aa2 AA AA (high) 92
N/A Caa1 CCC 26
BB Ba2 BB 45
AAA Aaa AAA AAA 100
B- B3 B 23
BB- B1 BB BB (low) 37
SD
BB- Ba1 BB- 45
BB- B1 35
AA+ Aa3 AA- 90
BBB Baa3 BBB 58
A A2 A 75
BBB- Baa3 BBB- BBB 56
BBB Baa2 BBB 60
B- Caa1 B- 23
AA- A2 A+ A (high) 78
N/A Aa2 90
AA- A1 A+ 81
BBB Baa3 BBB- BBB (high) 61
Ba3 B+ 37
B+ B2 B+ 33
A+ A1 A A (high) 77
B+ B1 BB- 36
BBB- Baa3 BBB 56
B+ B2 B+ 33
AA- A1 AA 88
NR B2 30
Caa2 CCC 20
A+ A3 A- A (low) 73
D C RD 11
B 30
AAA 100
A+ A3 A A 75
AAA Aaa AAA AAA 100
Aa3 AA 87
BB- BB+ 45
A- A3 A- 70
B3 B 30
Caa1 25
A- A2 A+ A (high) 75
Baa1 65
BBB Baa1 BBB- BBB 60
B3 25
B B3 B 28
B+ B1 35
BBB- 55
BBB- Ba1 BBB- 53
CCC+ Caa2 CCC 14
Ba2 BB 45
AAA Aaa AAA AAA 100
AA Aaa AA 93
B- B3 B- 25
B3
B- B2 B 28
AAA Aaa AAA AAA 99
B+ Ba3 BB- 40
B- B3 B- 25
BBB+ Baa1 BBB 63
B- B2 30
BB Ba1 BB+ 46
BBB+ A3 BBB+ N/A 65
BBB+ Baa2 BBB 61
A- A2 A- A 71
BBB Baa3 BBB BBB (high) 71
D 0
AA- Aa3 AA- 85
CCC+ Caa2 CCC 20
BBB- Baa3 BBB- 55
BBB- Baa3 BBB 55
B+ B2 B+ 33
BB+ 55
A- A1 A 75
B+ Ba3 37
BB+ Ba3 BB+ 46
B+ 45
AAA Aaa AAA AAA 98
A+ A2 A A (high) 76
AA- A3 A A (high) 75
B3 25
BB- Ba1 BB 46
AA Aa2 AA- 86
A Baa1 A- A 71
B- Caa1 B- 26
B3 25
CCC Caa3 CC 16
B3 30
AAA Aaa AAA AAA 99
AAA Aaa AAA AAA 100
AA- Aa3 AA- 83
B- B3 25
B2 35
BBB+ Baa1 BBB+ 65
B B3 30
BBB- Ba1 52
N/A B2 B 30
B+ B2 BB- BB (high) 36
B B2 B+ 31
B B3 B 26
AA Aa2 AA 90
AA Aa3 AA- AAA 91
AA+ Aaa AAA AAA 98
BBB Baa2 BBB- BBB (low) 55
BB- B1 BB- 38
SD WR RD 11
BB Ba3 BB 43
CCC- Ca C 30


Credit Ratings

TE S&P Moody's Fitch DBRS Description
100 AAA Aaa AAA AAA Prime
95 AA+ Aa1 AA+ AA (high) High grade
90 AA Aa2 AA AA
85 AA- Aa3 AA- AA (low)
80 A+ A1 A+ A (high) Upper medium grade
75 A A2 A A
70 A- A3 A- A (low)
65 BBB+ Baa1 BBB+ BBB (high) Lower medium grade
60 BBB Baa2 BBB BBB
55 BBB- Baa3 BBB- BBB (low)
50 BB+ Ba1 BB+ BB (high) Non-investment grade
speculative
45 BB Ba2 BB BB
40 BB- Ba3 BB- BB (low)
35 B+ B1 B+ B (high) Highly speculative
30 B B2 B B
25 B- B3 B- B (low)
20 CCC+ Caa1 CCC CCC (high) Substantial risks
15 CCC Caa2 CCC Extremely speculative
10 CCC- Caa3 CCC (low) In default with little
prospect for recovery
  CC Ca CC
5 C C C
0 D / DDD   In default
/ DD D
D
Standard & Poor, Moody's, Fitch and DBRS' sovereign debt credit rating is displayed above. In addition, the Trading Economics (TE) credit rating is shown scoring the credit worthiness of a country between 100 (riskless) and 0 (likely to default). Unlike the ratings provided by the major credit agencies, our index is numerical because we believe it is easier to understand and more insightful when comparing multiple countries. Arguably, our ratings are less likely to be manipulated because they are unsolicited and we are not paid in any way to provide countries with a rating. Technically, our ratings are based on a forward looking macro economic model which takes into account several leading economic indicators, financial markets and very little discretion. If you have any question please email us at contact@tradingeconomics.com