The international rating agency Fitch has upgraded the long-term credit rating of NLMK Group from BBB- to BBB (both levels correspond to the investment rating). The outlook remained “stable.”
In an official statement, Fitch gave a positive assessment of the company's financial stability, ensured by a high level of operational efficiency and low debt burden.
“We welcome the agency's decision to upgrade NLMK's rating ... This decision confirms the company's high credit quality and the sustainability of NLMK's business model, ”commented Shamil Kurmashov, Vice President for Finance of NLMK Group.
NLMK's current credit ratings:
S&P Global Ratings: BBB- (stable)
Fitch Ratings: BBB (stable)
Moody's: Baa2 (stable)
RAEX (Expert RA): ruAАА (stable)
Detailed information on NLMK's credit ratings is provided for this link.
