Credit ratings

The Company has credit ratings from each of the three major ratings agencies: Fitch Ratings, Moody’s, and S&P Global Ratings. MMK maintained investment-grade credit ratings in 2021. In March 2022, the agencies downgraded MMK's credit ratings due to changes in Russia's sovereign credit ratings.
Ratings agencies Credit rating Outlook Last rating action
CCC- CCC- Negative 07.03.2022
Caa2 Caa2 Negative 10.03.2022
CC CC Negative 11.03.2022

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