Source - SMW
Fitch Ratings has affirmed Kazakhstan-based JSC KazTransOil's (KTO) long-term foreign currency issuer default rating at 'BBB-' with a stable outlook.

Fitch says the ratings reflect KTO's strong operational and financial profile, which we expect the company to maintain at least over the medium term, as well as its strategic importance to the economy of Kazakhstan (BBB/stable). KTO is the national operator of oil pipelines in Kazakhstan. 

The ratings of KTO are capped by those of its parent, JSC National Company KazMunayGas (BBB-/stable).