Metalloinvest | 09 September 2016 г. | 06:00

Dagong affirms Metalloinvest’s rating

Metalloinvest announced that Dagong Global Credit Rating (Dagong), a Chinese credit rating agency, has affirmed the Company’s ‘BBB+’ long-term issuer credit rating in domestic and foreign currencies with a Stable outlook. According to the national scale of China, this is equivalent to the highest rating ‘AAA’.

According to the published statement, confirmation reflects Dagong’s view that Metalloinvest maintains strong wealth creation capability, well-balanced debt portfolio and sufficient debt repayment sources despite a volatile macroeconomic environment and depressed global iron ore and steel prices.

The Stable outlook reflects Dagong’s expectations of moderate demand growth and the Company’s focus on increasing high value added product capacity to generate considerable operating cash flow for the fulfilment of its debt obligations.

Source: Metal Supply and Sale Magazine
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