30
Jan
19:19
Moody's upgrades NLMK's credit rating
Russia’s NLMK tells Kallanish that rating agency Moody’s has upgraded the steelmaker’s credit rating.
“Moody’s has upgraded the long-term credit rating of the NLMK group from Ba1 to investment grade Вaa3, with a positive outlook,” the company says in a statement. NLMK has operations in Russia, the European Union and the United States.
The decision follows a rating action to raise Russia’s sovereign ceiling which took …
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Very good overview of the weekly steel market.
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