Moody's cuts National Atomic view to stable

Moody's Investors Service said it changed the outlook on the Baa3 foreign-currency issuer rating for JSC National Atomic Co. to stable from negative.

The action reflects the growing track record of the stable operating performance and strong credit metrics even under challenging market conditions, Moody's said.

The change in outlook from negative to stable incorporates the view that under the current regulatory regime, the company would continue to make good progress towards the completion of the investment program while retaining a conservative financial policy, the agency said.

The outlook also assumes that the current ownership of Kazatomprom will remain unchanged, Moody's said and that the government will remain supportive in case of need.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.