2 Min Read
April 21 (Reuters) -
* Fitch affirms Kazakhstan at 'BBB'; outlook stable
* Fitch says the issue ratings on Kazakhstan's senior unsecured foreign-currency bonds have also been affirmed at 'bbb'
* Fitch, on Kazakhstan, says short-term foreign- and local-currency idrs have been affirmed at 'f2' and country ceiling has been affirmed at 'bbb+'
* Fitch says state's fiscal balance sheet is "very strong", reflecting assets in national fund of Republic of Kazakhstan of 45.8 pct of GDP at end-2016
* Fitch, on Kazakhstan, says banking sector is very weak, with a Fitch-defined bank system indicator of 'B'
* Fitch on Kazakhstan-constitutional amendments approved in March related to president's powers unlikely to trigger short-term improvement in governance indicators
* Fitch, on Kazakhstan, says economy's gradual adjustment to large oil price shock of recent years is continuing
* Fitch, on Kazakhstan, says imf-defined general government deficit is forecast to widen to 7.7 pct of GDP in 2017 from an estimated 5.0 pct in 2016 Source text for Eikon: