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Novolipetsk Steel

April 9, 2019

Fitch Ratings upgrades NLMK Group’s long-term credit rating

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’s current credit ratings:

S&P Global Ratings: BBB- (stable)

Fitch Ratings: BBB (stable)

Moody’s:Baa2 (stable)

RAEX (Expert RA):ruAÀÀ(stable)

For more detailed information about NLMK’s credit ratings click here.

 

 

 

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