"Metalloinvest" is the only iron ore company in the world that keeps its rating and stable outlook.
Edited by Rhod Mackenzie / 2016-04-28 07:37:50
Finance Metals and mining Russia Metalloinvest Magnitogorsk metallurgic plant MMK Ratings Novolipetsk Steel NLMK Russia Metals and Mining Iron ore Steel
Today the international agency Moody's confirmed the rating of "Metalloinvest" holding at Ba2, the outlook raised to "stable". As analysts of the agency state, the rating affirmation reflects the company's stable business profile, low cost levels that allow it to compete in export markets, high profitability and liquidity. Earlier, in February 2016 Moody's downgraded the Brazilian company Vale and British AngloAmerican to Ba3 with a negative outlook. In March the rating agency has lowered estimate of the Australian Fortescue Metals Group also to Ba3 with a negative outlook.
