State Enterprise “Navoiuran” on the Path to Credit Rating Renewal

A key instrument for confirming the enterprise’s financial stability and investment attractiveness is the holding of an international credit rating assigned by leading global rating agencies.

One of the world’s leading rating agencies, S&P Global Ratings (USA), assigned State Enterprise “Navoiyuran” a credit rating of BB-/Stable in November 2024.

In addition, another major international rating agency, Fitch Ratings (USA), updated and upgraded the enterprise’s credit rating to BB/Stable in July 2025.

As part of the annual credit rating review process and with the aim of assessing the enterprise’s production and financial–economic performance for the elapsed period of 2025, representatives of S&P Global Ratings visited the enterprise on October 14 of the current year.

During the visit, they became acquainted with the enterprise’s operations on the ground, including visits to key production sites and the Uranium Production Plant.

The management of the enterprise also organized a presentation, during which the agency’s representatives were briefed on the company’s financial results for the first half of 2025 and their comparison with 2024 figures, demonstrating a positive trend in operational efficiency.

The ultimate goal of the visit is the renewal of the enterprise’s credit rating in November 2025, which will serve as another confirmation of the financial stability and investment attractiveness of State Enterprise “Navoiyuran.”