24 November ‘22
ACRA Assigns AA+(RU) Credit Rating to MMK Notes
PJSC Magnitogorsk Iron & Steel Works (MOEX: MAGN) notifies that the Analytical Credit Rating Agency (ACRA) has assigned AA+ (RU) credit rating to MMK’s series ZO-2024 (ISIN: RU000A105H64) notes (the “Replacement Notes”).
According to ACRA’s methodology, the credit rating of the Replacement Notes is equivalent to that of MMK’s and is set at AA+(RU).
MMK issues the Replacement Notes under requirements of the Russian legislation. The full information about the Replacement Notes can be found at https://mmk.ru/en/investor/info-for-investors/bonds/.
Investor Relations Department
Ilya Nechaev
+7 (909) 093-08-98
Communications Department
Dmitriy Kuchumov
+7 (499) 238-26-13