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S&P affirms Kazpost, outlook stable.

Publication: Russia & CIS Business and Financial Newswire
Publication Date: 16-SEP-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
S&P affirms Kazpost, outlook stable

ALMATY. Sept 16 (Interfax) - Standard & Poor's Ratings Services has affirmed its 'BB' long-term issuer credit and 'kzA+' Kazakhstan national scale ratings on Kazpost (JSC), the state-owned national postal operator in Kazakhstan, the agency said in a press release. The outlook is stable.

The ratings were removed from CreditWatch with negative implications, where they had been placed on June 16, 2009. Before the CreditWatch placement, the outlook was stable.

"The removal from CreditWatch and affirmation...

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