International rating agency Fitch has upgraded NLMK Group’s long-term credit rating from BBB- to BBB (both are investment grade). The outlook remained stable.
In its official statement, Fitch positively assessed the company’s financial stability, ensured by a high level of operating efficiency and a low debt.
Shamil Kurmashov, NLMK Group CFO, said: “We welcome the agency’s decision to upgrade NLMK Group’s rating. This decision acknowledges the Company’s high creditworthiness and the sustainability of NLMK’s business model”. (NLMK/Ukrainian metal)