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Moody's upgrades Russian diamond miner ALROSA’s rating to Ba2 from Ba3

MOSCOW, April 21. /TASS/. The international rating agency Moody's Investors Service upgraded the corporate family rating of the Russian diamond miner Alrosa to Ba2 from Ba3 and the probability of default rating to Ba2-PD from Ba3-PD, Moody’s said on Tuesday. The outlook on the ratings is stable, the agency added.

The upgrade of Alrosa’s ratings shows that despite the inherent risks that remain on the Russian market, Alrosa has continued to perform in line with the guidance for a positive rating action, and to maintain a solid liquidity profile, Moody’s said.

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