Moody’s withdraws credit ratings

MOSCOW, RUSSIA: Metalloinvest, a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, today announces that Moody’s Investors Service (“Moody’s“) withdraws the Company’s credit ratings, including long-term corporate family rating of JSC Holding Company Metalloinvest and backed senior unsecured rating of Metalloinvest Finance D.A.C.

According to Moody’s statement, the agency withdraws its credit ratings, together with all associated inputs to rating services, on multiple Russian entities – financial institutions and corporates. Earlier today, the agency withdrew the ratings of the Government of Russia and Russian sub-sovereign entities. Moody’s has decided to withdraw the ratings for its own business reasons.

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