S&P improved the Outlook long-term credit rating of NLMK Group from "stable" to "positive"

S&P improved the Outlook long-term credit rating of NLMK Group from "stable" to "positive"


the International rating Agency S&P Global Ratings improved the prediction of long-term credit rating of NLMK Group's ("BBB-", the investment grade) from "stable" to "positive".



"the Improvement in rating Outlook reflects balanced approach to capital allocation, the company, which aims at the simultaneous realization of the strategy, conservative financial policies and an attractive dividend yield for shareholders," commented the decision of the Agency Shamil Kurmashov

Shamil Kurmashova-President, Finance
Biography
Vice President, Finance of the Group.


Tcushie credit ratings NLMK:



S&P Global Ratings: BBB- (positive)



Fitch: BBB (stable)br>



Moody's: Baa2 (stable)



RAEX (Expert RA): of giaaa (stable)



Detailed information on NLMK's credit ratings is presented here.





about the company



NLMK Group is a vertically integrated steel company and Russia's largest and one of the world's most efficient producers of steel products.



NLMK's metal Products are used in various industries, from construction and engineering to power-generating equipment and offshore wind turbines.



the Production assets of NLMK are located in Russia, Europe and the USA. The production capacity of steel companies over 17 million tonnes a year.



NLMK has high competitiveness in cost among global manufacturers, the company's profitability is one of the highest in the industry. The company's revenue for the year 2018 amounted to $ 12 billion, EBITDA – $ 3.6 billion. The ratio of Net Debt/EBITDA of 0.25 H. the Company has a credit rating of investment grade from S&P, Moody's, Fitch and RAEX (Expert RA).



Ordinary shares of JSC "NLMK", the free float is 19%, are traded on the Moscow Stock Exchange (Ticker "NLMK"), global Depositary shares on the London stock exchange (Ticker "NLMK:LI"). The share capital of the Company is divided into 5,993,227,240 shares with a par value of 1 Russian ruble.



read More of stockholders ' equity NLMK can be found at the link.



Download photos and corporate video NLMK Group in Mediobanca the link.