Moody’s confirms ratings of NLMK, Severstal, Norilsk Nickel at Ba1/Ba1-PD

International rating agency Moody's affirmed the corporate rating for NLMK Group of companies, “Severstal” and “Norilsk Nickel” at “Ba1” and the probability-default rating at “Ba1-PD” with a negative outlook, it is stated in the release of the agency.

At the same time, the agency upgraded the corporate rating for the group of companies of Magnitogorsk Metallurgical plant (MMK) to “Ba1” from “Ba2” and probability of default rating to “Ba1-PD” from “Ba2-PD”. The rating outlook is also negative.

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