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S&P Global Ratings lowered its long-term credit rating on Samruk-Energy JSC to 'BB-' from 'BB'

December 22, 2016 | Cbonds

S&P Global Ratings today lowered its long-term corporate credit rating on Kazakhstan-based electricity group Samruk-Energy JSC to 'BB-' from 'BB', and placed it on CreditWatch with negative implications. We affirmed the 'B' short-term corporate credit rating.

We also lowered our Kazakhstan national scale long-term rating to 'kzBBB+' from 'kzA' and our issue rating on Samruk-Energy's $500 million senior unsecured notes due December 2017 to 'BB-' from 'BB', and placed both on CreditWatch with negative implications.

Company: Samruk-Energy

Full company nameSamruk-Energy JCS
Country of riskKazakhstan
Country of registrationKazakhstan


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