ASTANA, Kazakhstan, November 5. Kazakhstan’s liquidity imbalance showed a slight improvement in October 2024, the Russian Analytical Credit Rating Agency (ACRA) told Trend.
The improvement was driven mainly by changes in the financial sector’s liquidity dynamics, with minimal change in the public sector. The country’s financial sector continues to face a high level of debt liabilities, despite modest growth in short-term assets and interest income.
According to the agency, since Q4 2022, the public sector has seen stability around zero but remains influenced by short-term debt liabilities and interest expenses.
The imbalances in the financial sector and the public sector are likely to continue to be observed in the future, as inflation, although slightly declining, remains elevated (relative to the regulator's target), leading to a prolonged period of high nominal interest rates on liabilities in these two sectors.
The Analytical Credit Rating Agency, founded in 2015, is Russia's largest authorized credit rating agency and serves as a critical player in the nation's financial market.
Accredited by the Central Bank of Russia, ACRA issues ratings at both national and international levels, covering a wide range of financial products, from corporate debt to structured finance instruments. ACRA adheres to current regulatory standards and worldwide best practices, aiming to deliver superior rating and analytical products to stakeholders in financial markets domestically and internationally.