Fitch’s rating of 7-year bonds of NLMK is BBB- with negative outlook

Fitch Ratings has assigned a new seven-year Eurobonds for $700 million of Novolipetsk Steel’s investment subsidiary - Steel Funding Limited - a final senior unsecured rating of “BBB-“, according to the rating agency.

The rating corresponds «BBB-» of the existing bonds, which are involved in the loan, issued by Steel Funding Limited.

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