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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Thomson Reuters StreetEvents
Provider: Thomson Reuters StreetEvents

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Fitch affirms Novolipetskiy metallurgicheskiy kombinat OAO at BBB-

Tuesday, 13 May 2014 12:27pm EDT 

Novolipetskiy metallurgicheskiy kombinat OAO:Fitch Ratings has affirmed Russia-based Novolipetsk Steel's (NLMK) long-term issuer default rating (IDR) at BBB-.The outlook is negative.The ratings reflect NLMK's vertical integration, low production costs, a robust product mix, geographical diversification as well as above-average corporate governance in Russia.The negative outlook reflects NLMK's still high leverage, which is inconsistent with Fitch's guidelines for current ratings. 

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