Sovereign Analysis /
Kazakhstan

Kazakhstan protests and the bond market implications

  • Kazakhstan's foreign bonds dropped this week due to the protests and the authorities' response to them

  • In the near term, the questions are how long the protests will last and how far the authorities will go to stop them

  • Kazakhstan's ability to pay remains strong, but the risks (financing, sanctions, ratings, stability) have risen; Sell

Kazakhstan protests and the bond market implications
Stuart Culverhouse
Stuart Culverhouse

Head of Sovereign & Fixed Income Research

Tellimer Research
7 January 2022
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