Firch Ratings raises rating of Norilsk Nickel to BBB-
Edited by Rhod Mackenzie / 2014-07-23 10:48:05
Finance Metals and mining Norilsk Nickel Russia Ratings Russia Metals and Mining Copper Nickel Platinum Palladium
The International rating agency Fitch Ratings has raised a long-term issuer default rating of the leading producer of copper,nickel, platinum and palladium - the Russian company Norilsk Nickel to a level BBB-, the forecast is stable.
As the agency noted, the increase of the rating reflects the positive changes in the corporate management of the company. Events include the signing of a new shareholders' agreement, as well as updated structure of shareholders, which is an earnest improvement of the transparency and profitability of the Norilsk Nickel’s business, as well as increase of its market value.
