Gold production rose 1.1 percent year-on-year to 2,058 kg in January-July, while production of silver rose by 12.6 percent to 2,786 kg.

Although the city of Turkestan was always a popular destination for internal tourism, it was more widely associated with pilgrimage, not entertainment. The city is one of the most ancient settlements within the borders of what is modern Kazakhstan.

The rating actions follow Fitch's similar action on Ukraine's sovereign rating, reflecting the resilience of Ukraine's credit fundamentals to the coronavirus shock and our expectation of economic recovery.