Moody’s revises foreign currency country ceilings

Resulting upgrades included a number of issuers that are upgraded to Baa2 from Baa3 on stable outlook: Food Contract Corp, Intergas Central Asia, Ordu Yardimlasma Kurumu and KazTransOil.

Two issuers saw their ratings go up two notches to Baa1 from Baa3: Kazakhstan Electricity Grid Operating Company and Kazakhstan Temir Zholy, which is on review for upgrade and its rating is constrained by the new country ceiling.

Naftogaz of Ukraine is upgraded to Ba3 from B1 and its rating stays constrained

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