DJ S&P withdraws credit ratings
Metalloinvest Finance Designated Activity Company (IRSH) S&P withdraws credit ratings 01-Apr-2022 / 18:16 MSK Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
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S&P withdraws credit ratings
Moscow, Russia - 1 April 2022 - Metalloinvest ("the Company"), a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, today announces that S&P Global Ratings ("S&P") withdraws the Company's corporate credit ratings, including long-term foreign and local currency issuer credit ratings for Holding Co. Metalloinvest JSC and senior unsecured rating of Metalloinvest Finance D.A.C.
According to S&P statement, the agency is withdrawing its ratings following the decision of the European Union (EU) to ban the provision of credit ratings to legal persons, entities, and bodies established in Russia.
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If you have any questions, please contact us:
Artem Lavrischev Investor Relations
E: ir@metalloinvest.com
T: +7 (495) 981-55-55, ext. 7243
About Metalloinvest
Metalloinvest is a leading metals and mining company with the largest proven iron ore reserves on a JORC-equivalent basis
(15.4 billion tonnes and about 150 years of reserve life). The company is the world's largest producer and supplier of merchant hot briquetted iron (HBI) products, a low-carbon raw material used to produce green steel; Metalloinvest holds a leading position in the production of pellets, iron ore concentrate and high-quality steel.
In 2021, revenue amounted to USD 10.6 bn; EBITDA - USD 5.75 bn. The company has 10+ years track record on public debt capital markets.
Alisher Usmanov is the main beneficiary of the company (with a 49% stake) through Holding Company USM LLC.
Ticker (Bloomberg): METIN RU; official website: www.metalloinvest.com
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ISIN: XS0918297382 Category Code: MSCH TIDM: IRSH Sequence No.: 153213 EQS News ID: 1318565 End of Announcement EQS News Service =------------------------------------------------------------------------------------
Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1318565&application_name=news
(END) Dow Jones Newswires
April 01, 2022 11:17 ET (15:17 GMT)
