Fitch’s rating of 7-year bonds of NLMK is BBB- with negative outlook
Edited by Rhod Mackenzie / 2016-06-24 05:10:31
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.
