Standard&Poor’s assigns MMK “BBB-“ rating, Outlook Stable
PJSC Magnitogorsk Iron & Steel Works' (MMK) is pleased to announce that on December 10
th
, 2018 rating agency S&P Global Ratings assigned the Company 'BBB-/A-3' long- and short-term issuer credit ratings with Stable Outlook.
In a press release S&P notes that its assessment of PJSC Magnitogorsk Iron and Steel Works' (MMK's) creditworthiness incorporates MMK’s low-cost production profile, strong operating efficiency, significant share of high value-added products in sales, minimal leverage, and...