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Fitch affirms Kazatomprom rating

Kazakhstan Materials 5 January 2023 13:17 (UTC +04:00)
Fitch affirms Kazatomprom rating
Emin Sevdimaliyev
Emin Sevdimaliyev
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BAKU, Azerbaijan, January 5. Fitch Ratings affirmed Kazakhstan’s JSC National Atomic Company Kazatomprom's long-term Issuer Default Rating (IDR) at “BBB-” with a stable outlook, Trend reports, citing Fitch.

The statement indicates that Kazatomprom's stable financial profile, benefiting from stronger uranium spot prices and demand, as well as the company’s ability to maintain a solid global market position contributed strongly to the final rating.

Fitch cites low financial leverage, high liquidity, and improving uranium prices as the key positive rating drivers.

Meanwhile, the agency notes that the company is dependent on the export of a single commodity with historically volatile prices as a source of possible challenges for the Kazatomprom.

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