CAEPCO
KAZRUSENG

Ratings

2019

On 7 March 2019, Fitch Ratings assigned JSC “CAEPCO” and its subsidiaries ratings of “B-” with a Stable Outlook

Fitch Ratings assigned JSC “Central-Asian Electric Power Corporation” and its wholly owned subsidiaries — JSC “PAVLODARENERGO” and “SEVKAZENERGO” — Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) of 'B-'. The Outlook on the ratings is Stable. CAEPCO's senior unsecured debt is rated 'CCC'/'RR6'/0%.

2018

On 23 July 2018, Fitch Ratings affirmed the ratings of JSC “CAEPCO” and its subsidiaries at 'B+' with a “Stable” Outlook

International rating agency Fitch Ratings affirmed the Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) of JSC “Central-Asian Electric Power Corporation” (CAEPCO) and its subsidiaries, JSC “PAVLODARENERGO” and JSC “SEVKAZENERGO”.

2017

On 2 August 2017 Fitch Ratings affirmed the Long-Term Issuer Default Rating (IDR) of JSC “Central-Asian Electric Power Corporation” at 'B+'. The Outlook on the rating is Stable.

Full list of rating actions

  • Long-Term Foreign- and Local-Currency IDRs affirmed at 'B+'; Outlook Stable
  • National Long-Term Rating affirmed at “BBB(kaz)”, Outlook Stable
  • Short-Term Foreign-Currency IDR affirmed at “B”
  • Local-currency senior unsecured rating affirmed at “B” / Recovery Rating “RR5”
  • National senior unsecured rating affirmed at “BB+(kaz)”.

2016

On 27 July 2016 the international rating agency Fitch Ratings assigned ratings to JSC “CAEPCO”. The Long-Term Local- and Foreign-Currency Issuer Default Rating was assigned at “B+”. The Outlook on the rating is Stable.

Full list of rating actions

  • Long-Term Local- and Foreign-Currency Issuer Default Rating (IDR) assigned at “B+”, Outlook Stable
  • National Long-Term Rating assigned at “BBB(kaz)”, Outlook Stable
  • Short-Term Foreign-Currency IDR affirmed at “B”
  • Local-currency senior unsecured rating assigned at “B” / Recovery Rating “RR5”
  • National senior unsecured rating assigned at “BB+(kaz)”.

2015

On 1 June 2015 the international rating agency Fitch Ratings affirmed the Long-Term Foreign-Currency Issuer Default Rating (IDR) of CAEPCO JSC at “BB-”. The Outlook on the rating is Stable.

Full list of rating actions

  • Long-Term Foreign-Currency Issuer Default Rating (IDR) affirmed at “BB-”, Outlook Stable
  • Long-Term Local-Currency IDR affirmed at “BB-”, Outlook Stable
  • National Long-Term Rating affirmed at “BBB+(kaz)”, Outlook Stable
  • Short-Term Foreign-Currency IDR affirmed at “B”
  • Local-currency senior unsecured rating affirmed at “B+”
  • National-scale senior unsecured rating affirmed at “BBB-(kaz)”.

2014

On 24 June 2014 the international rating agency Fitch Ratings affirmed the Long-Term Foreign-Currency Issuer Default Rating (IDR) of JSC “CAEPCO” at “BB-”. The Outlook on the rating is Stable.

Full list of rating actions

  • The Corporation's Long-Term Foreign-Currency Issuer Default Rating (IDR) affirmed at “BB-”, Outlook Stable
  • Short-Term Foreign-Currency IDR affirmed at “B”
  • The Corporation's Long-Term Local-Currency Issuer Default Rating (IDR) affirmed at “BB-”, Outlook Stable
  • National Long-Term Rating affirmed at “BBB+(kaz)”, Outlook Stable
  • Local-currency senior unsecured rating affirmed at “B+”
  • National-scale senior unsecured rating affirmed at “BBB-(kaz)”.

2013

On 6 June 2013 the international rating agency Fitch Ratings assigned JSC “CAEPCO” Long-Term Foreign and Local-Currency Issuer Default Ratings (IDRs) of “BB-”. The Outlook on the ratings is Stable.

Full list of rating actions

  • The Corporation's Long-Term Foreign-Currency Issuer Default Rating (IDR) assigned at “BB-”, Outlook Stable
  • Short-Term Foreign-Currency IDR assigned at “B”
  • The Corporation's Long-Term Local-Currency Issuer Default Rating (IDR) assigned at “BB-”, Outlook Stable
  • National Long-Term Rating assigned at “BBB+(kaz)”, Outlook Stable
  • Local-currency senior unsecured rating assigned at “B+”
  • National-scale senior unsecured rating assigned at “BBB-(kaz)”.