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ACRA improves Metalloinvest outlook to positive from stable
21 June 2021
Metalloinvest (“the Company”), a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, today announces that the Analytical Credit Rating Agency (“ACRA”) has improved the Company’s outlook to positive from stable, affirming an AA+(RU) long-term corporate credit rating.
According to a statement published by ACRA, the outlook revision to positive reflects the Company’s debt reduction, as well as its improved debt management assessment and free cash flow.
In their report, the agency's experts noted the Company's strong business profile, unique resource base, geographic diversification of product sales and strong financial position. The positive outlook indicates that the credit rating could be upgraded if the Company maintains its current credit metrics in the long term.
Director of Finance and Economics Development Department
Tel.: +7 (495) 981-55-55
For more information, please contact the Finance and Economics Development Department