The International Rating Agency Moody’s Global Ratings affirmed the credit rating of NC Kazakhstan Temir Zholy JSC at “Baa2”, forecast “Stable”.
The rating confirmation is a result of the systematic work and effective operating activities of the National Company. According to the Agency, the growing volume of cargo transportation by 3.8% in 2024 compared to 2023, an increase of 8.8% in container transit in 2024, as well as an annual increase in regulated tariffs in 2024-2026 support the financial indicators of NC KTZ JSC at a sustainable level. The increase of transportation volumes in the region and along the Trans-Caspian International Transport Route contributed to the growth of freight turnover.
The agency notes that the activities of NC KTZ JSC within the framework of a large-scale capital investment program aimed at infrastructure development will eliminate bottlenecks and increase transit potential.
Link to the press release.
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