Moody’s Upgrades Kazakhstan’s Credit Rating Outlook from Stable to Positive: Diversified Economy and Strong Fiscal Structure Stand Out

International credit rating agency Moody’s stated that Kazakhstan’s economy has a positive outlook and raised its credit rating outlook from stable to positive. In the report, it was noted that the ongoing structural development in Kazakhstan’s economy and efforts to strengthen the diversity of the economy were effective in this decision of Moody’s, and it was stated that the country’s role as a bridge in transportation in the region strengthens the economy. The report highlighted the importance of the country’s strong financial structure, low indebtedness and high reserves, and stated that the ongoing reform process and institutionalization in Kazakhstan also had a positive impact on the decision.