NITEC received an investment-grade BBB credit rating from Fitch
Author - Mansur Ismagulov
The Tech AI
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Fitch Ratings has assigned long-term Issuer Default Ratings (IDR) in both foreign and local currencies at the BBB level with a stable outlook to JSC "National Information Technologies." The rating corresponds to Kazakhstan's sovereign level, confirming the company's financial reliability and its strategic role in the national digital infrastructure as a technological partner of the state.
International rating agency Fitch Ratings has assigned long-term Issuer Default Ratings in foreign and national currencies at the BBB level with a stable outlook to JSC "National Information Technologies." This decision represents an important recognition of the company's resilience on the international stage and its strategic importance for Kazakhstan.
The ratings reflect NITEC's significant role in the national digital infrastructure and its institutional ties with the state sector. The company acts as the state's technological partner, ensuring the uninterrupted operation of key information systems.
The assigned rating corresponds to the sovereign rating of the Republic of Kazakhstan, underscoring the high level of trust in the company from one of the leading international rating agencies.
The assignment of an investment-grade BBB rating with a stable outlook is not only an indicator of the company's financial reliability but also a strong signal to the international investment community.
Details about the rating are available on the official website of the Kazakhstan Stock Exchange, as well as in the Fitch article.
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