Kasachstan Credit Ratings & Outlooks

Land	Moody's	S&P	Fitch	DBRS	Scope Ratings
Kasachstan	Baa1 Stable	BBB- Positive	BBB Stable	NR	NR

Rating-Historie

Land	Date of Change	Ratingagentur	Vorheriges Rating	Vorheriger Ausblick	Aktuelles Rating	Current Outlook
Kasachstan	Aug. 22, 2025	S&P	BBB-	Stable	BBB-	Positive
Kasachstan	Sep. 09, 2024	Moody's	Baa2	Positive	Baa1	Stable
Kasachstan	Okt. 27, 2023	Moody's	Baa2	Stable	Baa2	Positive
Kasachstan	März 03, 2023	S&P	BBB-	Stable	BBB-	Stable
Kasachstan	Aug. 11, 2021	Moody's	Baa3	Positive	Baa2	Stable
Kasachstan	Aug. 22, 2019	Moody's	Baa3	Stable	Baa3	Positive
Kasachstan	Sep. 08, 2017	S&P	BBB-	Negative	BBB-	Stable
Kasachstan	Juli 26, 2017	Moody's	Baa3	Negative	Baa3	Stable
Kasachstan	Apr. 29, 2016	Fitch	BBB+	Stable	BBB	Stable
Kasachstan	Apr. 22, 2016	Moody's	Baa2	Negative	Baa3	Negative
Kasachstan	März 04, 2016	Moody's	Baa2	Stable	Baa2	Negative
Kasachstan	Feb. 17, 2016	S&P	BBB	Negative	BBB-	Negative
Kasachstan	März 31, 2015	Moody's	Baa2	Positive	Baa2	Stable
Kasachstan	Feb. 09, 2015	S&P	BBB+	Negative	BBB	Negative
Kasachstan	Juni 13, 2014	S&P	BBB+	Stable	BBB+	Negative
Kasachstan	Aug. 16, 2013	Moody's	Baa2	Stable	Baa2	Positive
Kasachstan	Nov. 20, 2012	Fitch	BBB	Positive	BBB+	Stable
Kasachstan	Nov. 21, 2011	Fitch	BBB-	Positive	BBB	Positive
Kasachstan	Nov. 07, 2011	S&P	BBB	Stable	BBB+	Stable
Kasachstan	Dez. 23, 2010	S&P	BBB-	Stable	BBB	Stable

Table Key

Bewertung	Moody's	S&P	Fitch	DBRS	Scope Ratings
Prime (Triple A)	Aaa	AAA	AAA	AAA	AAA
High Grade	Aa1	AA+	AA+	AA (high)	AA+
	Aa2	AA	AA	AA	AA
	Aa3	AA-	AA-	AA (low)	AA-
Upper Medium Grade	A1	A+	A+	A (high)	A+
	A2	A	A	A	A
	A3	A-	A-	A (low)	A-
Lower Medium Grade	Baa1	BBB+	BBB+	BBB (high)	BBB+
	Baa2	BBB	BBB	BBB	BBB
	Baa3	BBB-	BBB-	BBB (low)	BBB-
Non-Investment Grade Speculative	Ba1	BB+	BB+	BB (high)	BB+
	Ba2	BB	BB	BB	BB
	Ba3	BB-	BB-	BB (low)	BB-
Highly Speculative Grade	B1	B+	B+	B (high)	B+
	B2	B	B	B	B
	B3	B-	B-	B (low)	B-
Substantial Risk Grade	Caa1	CCC+	CCC+	CCC
	Caa2	CCC	CCC	CCC	CCC
	Caa3	CCC-	CCC-	CCC
Extremely Speculative Grade	Ca	CC	CC	CCC	CC
Extremely Speculative Grade			C	CCC	C
Im Verzug mit wenig Aussicht auf Wiedergewinn		CD	RD	RD
In Verzug		SD		SD
	C	D	D	D	D
			DD	DD
			DDD	DDD
Nicht bewertet	NR	NR	NR	NR	NR

FAQ

What is Kasachstan’s current credit rating?

Kasachstan’s sovereign credit rating reflects its government’s ability and willingness to meet debt obligations. It is assigned by major agencies such as S&P, Moody’s, Fitch, DBRS, and Scope, and represents how international markets view Kasachstan’s credit risk.

Has Kasachstan’s credit rating changed recently?

This page lists the latest rating and outlook actions for Kasachstan, showing when each agency last reviewed or changed its assessment.

Why does Kasachstan’s credit rating matter to investors?

Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Kasachstan's bond yields, currency, and equity flows as investors reassess risk.

How does Kasachstan’s rating compare to other countries?

You can explore how Kasachstan ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.

What do outlooks like Positive, Stable, and Negative mean?

They indicate the expected direction of a rating. Positive signals a possible upgrade, Stable means no change is likely, and Negative points to potential downgrade risk

What is the difference between investment grade and speculative grade?

Investment grade (BBB−/Baa3 or higher) means relatively low risk and steady market access. A speculative grade (BB+/Ba1 or lower) signals higher risk and volatility, but can attract yield-seeking investors.