On October 1, Kazakhstan’s Ministry of National Economy reported that Moody’s has maintained the country’s sovereign rating at Baa1 with a “Stable” outlook, according to Forbes.kz.
The ministry explained that the rating reflects Kazakhstan’s strong fiscal position, including low government debt, high debt service capacity, and substantial fiscal reserves that provide protection against external shocks. Additional supportive factors include steady economic growth and the economy’s resilience to crises.
Analysts expect the budget deficit in 2025 to remain moderate, while public debt will continue to be among the lowest levels for countries in the Baa rating category.
“Moody’s notes that ongoing institutional and economic reforms could enhance Kazakhstan’s investment appeal and accelerate economic diversification beyond current expectations,” the ministry added.
CentralasianLIGHT.org
October 1, 2025