Ukraine: ZALK reelects supervisory board

Shareholders of Zaporozhye Aluminum Works have dismissed Anna Matis from the office of the supervisory board chairman and appointed Natalia Pavlyuk, a representative of the State Property Fund, instead. According to the company statement, Alexei Arnautov and Jana Tikhonova, as well as the State Property Fund representatives Natalia Kharina, Irina Lepyavko, Anastasia Mankovskaya and Svetlana…

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Russia: Moody’s upgrades MMK rating to Ba1

Magnitogorsk Iron and Steel Works announces that Moody’s Investors Service has upgraded the company’s corporate family rating to Ba1 from Ba2 and probability of default rating to Ba1-PD from Ba2-PD. The assigned rating corresponds with the sovereign rating of Russia and brings MMK to the club of Russia’s metals & mining majors – Severstal, NLMK…

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