/KASE, January 23, 2024/ – NAC Kazatomprom JSC (Astana), whose securities
are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE
about the following:
quote
National Atomic Company "Kazatomprom" JSC ("Kazatomprom" or "the
Company") is pleased to announce that Fitch Ratings ("Fitch") has upgraded the
Company's credit rating to BBB from BBB-, outlook Stable. Kazatomprom's credit
rating was increased by one notch.
According to Fitch, BBB rating means good creditworthiness of the Company, low
expectations of credit risks, the ability to repay financial obligations in a
timely manner. The main drivers influencing Kazatomprom's rating were: low
leverage, positive uranium price dynamics, strong market position, availability
of alternative transportation routes, high expected dividends.
Fitch rates Kazatomprom on a standalone basis due to limited ties with the state
represented by Samruk-Kazyna JSC, which owns 75% of the Company's shares
(according to Fitch's rating criteria for government-related companies).
The rating also reflects the Company's stable position as a global leader in
uranium production, strong contract portfolio and stable long-term relationships
with key consumers of uranium products.
unquote
This information is available on –
https://kase.kz/files/emitters/KZAP/kzap_relizs_230124.pdf
[2024-01-23]