Metalloinvest (the "Company"), a leading manufacturer and supplier of iron ore products and hot briquetted iron in the global market, one of the regional producers of high-quality steel, announces that the Analytical Credit Rating Agency (ACRA) has upgraded its outlook on the Company's rating from stable to positive and confirmed at the level of AA + (RU).

According to the published ACRA report, the change in the forecast is associated with a decrease in the debt burden, as well as an improvement in the assessment of debt service and free cash flow of the Company.

In their report, the agency's experts noted the Company's strong business profile, unique resource base, geographic diversification of product sales and a strong financial position. The positive outlook means that the credit rating could be upgraded if the Company maintains its current credit metrics in the long term.

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