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 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 – [2020-04-08]