Summary: KazTransOil Mar 12
- ID: 2082971
- March 2012
- Standard & Poors
The rating on Kazakh oil pipeline operator KazTransOil KTO) reflects Standard & Poor's Ratings Services' view of the company's "high" likelihood of timely and sufficient extraordinary government support and our assessment of its stand-alone credit profile (SACP) at 'bb+'. The rating is constrained by the rating on the company's 100% parent, JSC NC KazMunayGas (KMG; BBB-/Stable/--; Kazakhstan national scale 'kzAA'). KTO's core status in the KMG group and its strategic importance to the government of Republic of Kazakhstan (BBB+/Stable/A-2; Kazakhstan national scale 'kzAAA') are underpinned, in our view, by the company's role as the main oil pipeline network operator in the country. We consider KTO's role for the government to be "very important" and the link between the company and...
Companies mentioned in this report are:
- OAO AK Transneft
- KazMunayGas NC JSC
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