Fitch rates Kazatomprom notes BBB-

Fitch Ratings said it assigned JSC National Atomic Co. Kazatomprom's proposed notes an expected senior unsecured rating of BBB-. The company has a long-term foreign-currency issuer default rating of BBB-, short-term foreign-currency issuer default rating of F3.

The outlook is stable.

The notes will comprise unsecured and unsubordinated obligations of Kazatomprom and will rank equally with the company's existing and future unsecured and unsubordinated obligations, Fitch said.

The rating is contingent on the receipt of final documents.

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