Moody’s Investors Service has improved the corporate credit rating of Metalloinvest from Ba2 to Ba1.
At the same time the outlook has been decreased from positive to stable.
The improvement of the rating reflects the decrease of the debt burden, stable cash flow, a high liquidity level as well as the improvement of the corporate management components.
The company has strong competitive positions on the iron ore raw materials markets thanks to low manufacturing expenses and high profitability. (Ukrainian metal)