S&P

S&P downgrades KazMunaiGas ratings

Standard & Poor's Ratings Services lowered its long-term corporate credit ratings on Kazakhstan-government-controlled vertically integrated oil company KazMunaiGas (KMG) and core subsidiary KazMunaiGas Exploration Production (KMG EP) to 'BB+' from 'BBB-', the rating agency reported on Feb. 17. The outlook is negative.
Read More