Fitch Ratings has assigned Kazakhstan-based Joint Stock Company Central-Asian Electric-Power Corporation's (CAEPCo) Long-Term Foreign Currency Issuer Default Rating to 'B+' from 'BB-'. The Outlook is Stable.Full list of rating actions.

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