About KTZ's debt load
12-06-2024
Currently, KTZ's nominal debt is 2.9 trillion tenge, 30% of which in foreign currency.
The Company's production and financial performance improves every year. Over the course of three years, the company’s revenue has shown stable dynamics, rising from 1.3 trillion tenge in 2021 to almost 2 trillion tenge in 2023. At the end of 2023, profit amounted to 134 billion tenge, which is 4 times more than in 2022. This is the Company's best performance over the past 10 years. At the same time, the company repays all its loan obligations on time.
The stable financial position of KTZ is also confirmed by the level of credit ratings from international rating agencies and the trust of international financial institutions that provide credit facilities and guarantees to the Company (Moody's Investors Service - credit rating "Baa3", forecast "Stable"; FitchRatings - credit rating "BBB- ", forecast "Stable"; S&P - credit rating "BB", forecast "Stable"; Moody's ESG Solutions - ESG rating - A2, 57 points).
Currently, the Company together with the Government and the Samruk-Kazyna National Welfare Fund is working to gradually increase regulated tariffs and increase transit revenues to reduce debt levels and ensure a sufficient level of investment in infrastructure and rolling stock.
Press service of JSC «NC«Kazakhstan Temir Zholy»