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Norilsk Nickel MMC

August 9, 2004

Moody's and Standard & Poor’s assigned credit rating to MMC Norilsk Nickel

Today international rating agencies Moody's Investors Service(“Moody's”) andStandard & Poor’s Ratings Services (“Standard & Poor’s”) assigned credit rating to MMC Norilsk Nickel.

Moody's assigned a senior implied rating of “Ba1” to MMC Norilsk Nickel. The outlook for the ratings is stable.

Standard & Poor's assigned “BB” long-term corporate credit rating and “ruAA” Russian national scale rating to MMC Norilsk Nickel. The outlook is stable.

Aggregate of all ratings obtained gives MMC Norilsk Nickel the highest rating among privately owned Russian companies. These ratings reflect unique resource base and strong financial profile of MMC Norilsk Nickel as well as the company's strong positions in the global markets of nickel, palladium, platinum, copper, and gold.

 

 

 

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