Fitch upgrades GMK Noril'skiy nikel' OAO to BBB-, outlook stable
GMK Noril'skiy nikel' OAO:Fitch Ratings (Fitch) has upgraded Russia-based GMK Noril'skiy nikel' OAO (NN) long-term Issuer Default Rating (IDR) to BBB- from BB+.The outlook is stable.The upgrade reflects a positive track record of improvement in specific corporate governance factors, which were the reason for a three-notch reduction of NN's IDR from its standalone ratings.
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