Moody’s upgrades NLMK Group’s long-term credit rating

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 8 February 2019.

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’s current credit ratings:

S&P Global Ratings: BBB- (stable)

Fitch Ratings: BBB- (stable)

Moody’s: Baa2 (stable)

RAEX (Expert RA): ruAАА (stable)