S&P increased Metalloinvest’s rating to stable

Nadezhda Ivanova's picture

S&P has reconsidered the forecast of Metalloinvest’s rating from negative to stable. Simultaneously the long-term rating at BB level was confirmed.

The reconsideration of the forecast is connected with a positive tendency of prices for iron ore and our expectation of Metalloinvest’s showing strong financial results in H2 2016 – by the efforts of the company’s management it reduced the debt as well as a higher profitability than on average in the sector, S&P says.

https://rns.online/industry/agentstvo-SP-uluchshilo-prognoz-po-reitingu-...

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