Uzbekistan: Fitch affirms NMMC’s BB rating with Positive Outlook
Fitch Ratings has affirmed the long-term foreign-currency issuer default rating of Uzbekistan’s Navoi Mining and Metallurgical Company (NMMC) at BB with a positive outlook. The company’s senior unsecured debt rating was also affirmed at BB, with a recovery rating of RR4. NMMC’s standalone credit profile is assessed at bb+, but its final rating is constrained…