National Atomic Company Kazatomprom says Fitch Ratings affirms Foreign Currency Long-Term Issuer Default Rating at 'BBB-'; Outlook Stable

08.04.20, 16:38
/KASE, April 8, 2020/ – National Atomic Company Kazatomprom (Nur-Sultan), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with a press release, which states as follows: quote National Atomic Company Kazatomprom informs that Fitch Ratings affirmed Kazatomprom's Long-Term Issuer Default Rating (IDR) at 'BBB-' with Stable Outlook. Fitch issued statement that announced rating affirmation and Stable outlook as well as relevant analysis on March 26, 2020. More detailed information is available at https://www.fitchratings.com/site/pr/10115306# Fitch rates Kazatomprom on a standalone credit profile as it views legal, operational and strategic links with its ultimate shareholder, the Republic of Kazakhstan (BBB/Stable) as limited. The affirmation reflects Kazatomprom’s strong global market position in natural uranium production and sales, stable operating profile and low-cost production compared to similar companies on the global scale. quote Detailed information is available on the KASE website (in Russian) at – https://kase.kz/files/emitters/KZAP/kzap_reliz_080420_1.pdf [2020-04-08]