Home  Issuers' Corner  Press Releases  Novolipetsk Steel
CLOSE

Press Releases > Novolipetsk Steel  all about the company

company search
all press releases
all Novolipetsk Steel press releases

Novolipetsk Steel

February 5, 2013

Moody’s affirms investment grade rating (Baa3) with stable outlook for NLMK

05 February 2013, Moscow. NLMK (LSE: NLMK), a leading global steel company, announces that Moody’s Investors Service has today affirmed NLMK’s Baa3 issuer rating with stable outlook.

In its today’s report, 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 utilisation. 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.

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z



Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer