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Moody's Has Announced That It Has Affirmed Russian Steel Producer NLMK's Baa3 Rating

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Core prompt: International credit ratings agency Moody's has announced that it has affirmed Russian steel producer NLMK’s Baa3 rating, with

International credit ratings agency Moody's has announced that it has affirmed Russian steel producer NLMK’s Baa3 rating, with a stable outlook.The agency underscored that this decision reflects the global scale of the group’s operations, its self-sufficiency in low-cost iron ore, its low costs for steel production and high capacity utilization. Moody’s noted that NLMK’s operating performance was much stronger during 2012 compared with 2011 as a result of the ramp-up of the group’s new production capacity. The stable outlook on the rating reflects, among other factors, the company’s robust credit metrics, strong liquidity profile and conservative financial policy.

 

 
 
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