03.04.2015 16:27:00

Magnitogorsk Iron & Steel Works -- Rating Action: Moody's confirms MMK's Ba3 rating; stable outlook

London, 03 April 2015 -- Moody's Investors Service has today confirmed Magnitogorsk Iron and Steel Works' (MMK) Ba3 corporate family rating (CFR) and Ba3-PD probability of default rating (PDR). The outlook on the ratings is stable. This concludes the review for downgrade initiated by Moody's on 23 December 2014.

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