Fitch assigned "BBB-" to international bonds XS0510820011 (KZAPe1) of National Atomic Company Kazatomprom (Kazakhstan)

/Fitch Ratings, London-Moscow, May 20, 10, Fitch Ratings English translation, KASE headline/ - Fitch Ratings has today assigned Kazakhstan-based JSC National Atomic Company Kazatomprom's (Kazatomprom) proposed notes a final senior unsecured rating of 'BBB-'. The notes comprise unsecured and unsubordinated obligations of Kazatomprom and rank equally with the company's existing and future unsecured and unsubordinated obligations. Kazatomprom is rated Long-term foreign currency Issuer Default Rating (IDR) 'BBB-' with a Stable Outlook, and Short-term foreign currency IDR 'F3'. The notes are governed by English law and have the benefit of negative pledge and cross default clauses. Kazatomprom is one of the world's largest uranium producers. It is ultimately 100% state-owned. The current Long-term foreign currency IDR represents Fitch's view of the company on a standalone basis, which at present is at the same level as Kazakhstan's rating. Applicable criteria, "Corporate Rating Methodology", dated 24 November 2009, are available at www.fitchratings.com. Contacts: Angelina Valavina, London, tel.: +44 20 7682 7383 Andrew Steel, London, tel.: +44 20 7682 7486 Media relations: Anna Bykova, Moscow, tel.: + 7 495 956 9901, anna.bykova@fitchratings.com [2010-05-24]