International rating agency Moody’s has upgraded NLMK Group’s long-term credit rating from Baa3 to Вaа2 with a stable outlook (both are investment grade).
The decision follows a rating action to upgrade Russia’s sovereign rating, which took place on February 8.
Shamil Kurmashov, NLMK Group CFO, said: “We welcome Moody’s decision to upgrade NLMK’s rating. This decision acknowledges the company’s high creditworthiness and the sustainability of NLMK’s business model.” (NLMK/Ukrainian metal)
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