Fitch affirmed KTZ's credit rating at 'BBB-' with a stable financial profile and stable outlook

15-12-2025

Fitch Ratings, the international rating agency, has affirmed KTZ's credit ratings at 'BBB-' with a stable outlook. Fitch analysts note that KTZ's rating reflects its important role in the country's transportation system and the resilience of its financial metrics.

The stable outlook confirms the expected maintenance of KTZ's robust financial profile in the medium term. Fitch notes that further reduction in leverage, EBITDA growth, and improved coverage ratios could positively impact the Company's standalone credit profile.

The agency also assessed the Company's ESG factors in accordance with its methodology and noted the significance of environmental, social, and governance (ESG) factors within the agency's rating assessment.

Fitch's assessment is based on an analysis of operating results and data presented in accordance with the agency's applicable international criteria.

Press service of JSC «NC«Kazakhstan Temir Zholy»