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PJSC Magnitogorsk Iron and Steel Works: Moody's Upgrades MMK to 'Baa2'; Outlook Stable

13 Feb 2019 08:22

PJSC Magnitogorsk Iron and Steel Works (MMK) PJSC Magnitogorsk Iron and Steel Works: Moody's Upgrades MMK to 'Baa2'; Outlook Stable 13-Feb-2019 / 09:21 CET/CEST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

 

 

 

Moody's Upgrades MMK to 'Baa2'; Outlook Stable

 

13-02-2019, Magnitogorsk

PJSC Magnitogorsk Iron & Steel Works' (MMK) is pleased to announce that on February 12th, 2019 Moody's rating agency upgraded MMK's Issuer Rating to 'Baa2' from 'Baa3' with Stable Outlook.

This action followed a sovereign rating action on the government of Russia which took place on 8 February 2019 when Moody's upgraded Russia's long-term issuer and senior unsecured debt ratings to Baa3 from Ba1 and changed the outlook on these ratings from positive to stable.

Moody's stated in its press release that the upgrade of Russia's ratings reflects the positive impact of policies enacted in recent years to strengthen Russia's already robust public finance and external metrics and reduce the country's vulnerability to external shocks including fresh sanctions.

About MMK

MMK is one of the world's largest steel producers and a leading Russian metals company. The company's operations in Russia include a large steel-producing complex encompassing the entire production chain, from the preparation of iron ore to downstream processing of rolled steel. MMK turns out a broad range of steel products with a predominant share of high-value-added products. In 2018, the company produced 12.7 million tonnes of crude steel and 11.7 million tonnes of commercial steel products. MMK Group had sales in 2018 of USD 8,214 million and EBITDA of USD 2,418 million.

 

 

Investor contacts:

Andrey Serov

tel.: +7 (3519) 24-52-97

E-mail: serov.ae@mmk.ru

 

Media contacts:

Dmitry Kuchumov

tel.: +7 (499) 238-26-13

E-mail: kuchumov.do@mmk.ru

Dmitry Bulin

tel.: +7 (499) 238-26-13

E-mail: bulin.dn@mmk.ru

 

ISIN:US5591892048
Category Code:MSCH
TIDM:MMK
LEI Code:253400XSJ4C01YMCXG44
Sequence No.:7471
EQS News ID:775285
 
End of AnnouncementEQS News Service

UK Regulatory announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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Date   Source Headline
25th Oct 20197:13 amEQSPJSC Magnitogorsk Iron and Steel Works: Notice of Q3 2019 Financial Results
15th Oct 20199:07 amEQSPJSC Magnitogorsk Iron and Steel Works: MMK Group Trading Update for Q3 and 9M 2019
1st Oct 20197:58 amEQSPJSC Magnitogorsk Iron and Steel Works: MMK EGM APPROVES DIVIDENDS FOR Q2 2019
23rd Sep 201911:06 amEQSPJSC Magnitogorsk Iron and Steel Works: ММК 2019 CMD registration is now open
28th Aug 20197:04 amEQSPJSC Magnitogorsk Iron and Steel Works: SAVE THE DATE: MMK CAPITAL MARKETS DAY
1st Aug 20197:06 amEQSPJSC Magnitogorsk Iron and Steel Works: MMK Group Posts Q2 and H1 2019 IFRS Results
26th Jul 20198:43 amEQSPJSC Magnitogorsk Iron and Steel Works: Notice of Q2 2019 Financial Results
16th Jul 20199:00 amEQSPJSC Magnitogorsk Iron and Steel Works: MMK Group Trading Update for Q2 and H1 2019
14th Jun 20199:01 amEQSPJSC Magnitogorsk Iron and Steel Works: MMK placed US$500 mm Eurobonds
31st May 201910:44 amEQSPJSC Magnitogorsk Iron and Steel Works: MMK Announces AGM Results
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30th Apr 20197:02 amEQSPJSC Magnitogorsk Iron and Steel Works: MMK Group Posts Q1 2019 IFRS Results
25th Apr 20197:01 amEQSPJSC Magnitogorsk Iron and Steel Works: Notice of Q1 2019 Financial Results
16th Apr 20196:59 amEQSPJSC Magnitogorsk Iron and Steel Works: MMK Group Trading Update for Q1 2019
9th Apr 20198:27 amEQSPJSC Magnitogorsk Iron and Steel Works: Fitch Ratings Upgrades MMK to 'BBB'; Outlook Stable
5th Mar 201911:50 amEQSPJSC Magnitogorsk Iron and Steel Works: Notification and- public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
5th Mar 20197:00 amEQSPJSC Magnitogorsk Iron and Steel Works: MMK Board Meeting Results
18th Feb 20197:00 amEQSPJSC Magnitogorsk Iron and Steel Works: Notification and- public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
13th Feb 20198:22 amEQSPJSC Magnitogorsk Iron and Steel Works: Moody's Upgrades MMK to 'Baa2'; Outlook Stable
11th Feb 201910:33 amEQSPJSC Magnitogorsk Iron and Steel Works: MMK BOARD OF DIRECTORS RECOMMENDS DIVIDENDS FOR Q4 2018
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4th Feb 201912:42 pmEQSPJSC Magnitogorsk Iron and Steel Works: Notice of Q4 and 12M 2018 Financial Results
25th Jan 201910:00 amEQSPJSC Magnitogorsk Iron and Steel Works: MMK Group Trading Update for Q4 and FY 2018
10th Dec 201812:14 pmEQSPJSC Magnitogorsk Iron and Steel Works: Standard&Poor's assigns MMK 'BBB-' rating
2nd Nov 20187:00 amEQSPJSC Magnitogorsk Iron and Steel Works: MMK Group Posts Q3 and 9M 2018 IFRS Results
30th Oct 20187:00 amEQSPJSC Magnitogorsk Iron and Steel Works: Notice of Q3 2018 Financial Results
16th Oct 20187:00 amEQSPJSC Magnitogorsk Iron and Steel Works: MMK Group Trading Update for Q3 2018
2nd Oct 201811:41 amEQSPJSC Magnitogorsk Iron and Steel Works: MMK EGM APPROVES DIVIDENDS FOR Q2 2018
3rd Aug 20187:18 amEQSPJSC Magnitogorsk Iron and Steel Works: Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
2nd Aug 20187:01 amEQSPJSC Magnitogorsk Iron and Steel Works: MMK Group Posts Q2 and H1 2018 IFRS Results
30th Jul 20187:57 amEQSPJSC Magnitogorsk Iron and Steel Works: Notice of Q2 2018 Financial Results
17th Jul 20186:58 amEQSPJSC Magnitogorsk Iron and Steel Works: MMK Group Trading Update for Q2 2018
18th Jun 20187:17 amEQSMMK EGM APPROVES DIVIDENDS FOR Q1 2018
1st Jun 20189:19 amEQSPJSC Magnitogorsk Iron and Steel Works: MMK Announces AGM Results
8th May 20187:06 amEQSPJSC Magnitogorsk Iron and Steel Works: MMK Group Posts Q1 2018 IFRS Results
8th May 20186:54 amEQSPJSC Magnitogorsk Iron and Steel Works: MMK BOARD OF DIRECTORS RECOMMENDS DIVIDENDS FOR Q1 2018
3rd May 201810:56 amEQSPJSC Magnitogorsk Iron and Steel Works: MMK Publishes 2017 Annual Report
28th Apr 201810:10 amEQSPJSC Magnitogorsk Iron and Steel Works: Notice of Q1 2018 Financial Results
17th Apr 20187:02 amEQSPJSC Magnitogorsk Iron and Steel Works: MMK Group Trading Update for Q1 2018
6th Mar 20189:22 amEQSPJSC Magnitogorsk Iron and Steel Works: MMK Board Meeting Results
6th Feb 20186:51 amEQSPJSC Magnitogorsk Iron and Steel Works: MMK Q4 and FY 2017 IFRS Results
30th Jan 20186:14 amEQSPJSC Magnitogorsk Iron and Steel Works: Notice of Q4&FY 2017 Financial Results
25th Jan 20186:05 amEQSPJSC Magnitogorsk Iron and Steel Works: MMK Group Trading Update for Q4 and FY 2017
12th Jan 20185:59 amEQSPJSC Magnitogorsk Iron and Steel Works: Notification and- public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
12th Dec 20176:03 amEQSPJSC Magnitogorsk Iron and Steel Works: MMK EGM APPROVES DIVIDENDS FOR 9M 2017
11th Dec 201710:06 amEQSPJSC Magnitogorsk Iron and Steel Works: MMK agreed to acquire Lysva Metallurgical Plant
10th Nov 20178:14 amEQSPJSC Magnitogorsk Iron and Steel Works: Notification and- public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
9th Nov 20176:11 amEQSPJSC Magnitogorsk Iron and Steel Works: MMK Group Posts Q3 2017 IFRS Results
9th Nov 20176:02 amEQSPJSC Magnitogorsk Iron and Steel Works: MMK BOARD OF DIRECTORS RECOMMENDS DIVIDENDS FOR 9M 2017
3rd Nov 20179:43 amEQSPJSC Magnitogorsk Iron and Steel Works: Notice of Q3&9M 2017 Financial Results
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