The Ministry of National Economy announced that international credit rating agency Fitch Ratings has confirmed Kazakhstan’s sovereign credit rating at “BBB” with a Stable Outlook.

The agency said the country’s strong outside standing, large net foreign assets, and modest government liabilities are still the main credit bright spots. Fitch also added, in a kind of “if” way, that the external position could even get better if worldwide petroleum prices stay higher through 2026.

Estimating Reserves, Debt, and Economic Growth 

The newest numbers show a marked jump versus the same span last year. So Fitch expects the country’s net foreign asset position to keep sitting among the strongest when compared with peers of similar rating, and that in turn helps back its broad economic resilience

The gross international reserves of Kazakhstan’s government were $67.6 billion in May 2026, providing further support for external stability. One of the major reason for this reserve build-up has been the rising international gold prices.

Moreover, the agency estimates that sovereign debt will stay very low – approximately 23 percent of GDP in the 2026-2027 timeframe.

The analysts of Fitch also pointed to the strong growth of Kazakhstan’s economy in 2025, which reached 6.5 percent. This growth spread out in different sectors, especially in transportation. The agency anticipates continued economic growth in non-resource industries (manufacturing, services, and transportation) in the medium term.