Fitch Ratings has assigned National Information Technologies Joint-Stock Company (NITEC) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) of «BBB» with stable outlooks. This decision was an important recognition of the Company's sustainability in the international arena and its strategic importance for Kazakhstan.

According to Fitch, the ratings reflect NITEC's significant role in the national digital infrastructure and its institutional relationship with the public sector. The Company acts as a technological partner of the state, ensuring the smooth operation of key information systems.

The assigned rating corresponds to the Republic of Kazakhstan's sovereign rating, which highlights the high level of trust placed in the Company by one of the world's leading agencies.

Not only is assigning a BBB investment grade rating with a stable outlook an indicator of a company's financial reliability, it is also a strong signal to the international investment community. This confirms that NITEC operates within a stable macroeconomic and managerial environment and demonstrates a responsible approach to debt management and the efficient use of resources. 

This event opens up new opportunities for the company, including increased transparency for partners and greater trust from financial institutions, as well as the potential to access international capital markets. Additionally, the Fitch rating reflects NITEC's advanced level of corporate governance and institutional development. 

Since its inception, NITEC has consistently developed the architecture of the digital state, supporting and enhancing key government IT services to ensure the technological reliability, scalability and sustainability of the country's digital platform.

Further details about the rating can be found on the official website of the Kazakhstan Stock Exchange and in the Fitch article.