Kazakhstan

Following the 18% devaluation of the Kazakh tenge in early February, the National Bank of Kazakhstan has since resumed management of the de facto dollar peg, with the unit trading... 2009-07-29

Despite maintaining the Kazakh tenge's de facto peg to the US dollar since mid-2007, trading within a KZT119.40-120.90/US$ range, the unit is showing increasing signs of weakness.... 2008-12-03

Just after midnight on November 10, ratings agency Fitch downgraded its sovereign ratings for Bulgaria ('BBB-'), Hungary ('BBB'), Kazakhstan ('BBB-') and Romania ('BB+'), while... 2008-11-10

We believe that the de facto peg of the Kazakh tenge to the US dollar, which started to emerge back in August 2007, will remain in play through the short-term. Though downside pressures... 2008-09-04

The macroeconomic challenges we highlighted in our last quarterly Emerging Europe sovereign risk ratings update have escalated further in the second quarter, with little sign of easing... 2008-07-17

BMI View: Long term, we believe that the external debt fundamentals of emerging Europe will continue to improve. Growth rates, although declining from 2007's highs, will be fair,... 2007-12-10

On a technical basis the Kazakh tenge is still looking good. The unit has broken though resistance at KZT120.90/US$, with the next key level coming in at KZT119.80/US$. While this... 2007-10-12