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Fitch improves Russian steelmaker MMK outlook to positive, affirms BB+ rating

May 23, 16:13 UTC+3
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MOSCOW, May 23. /TASS/. Fitch Ratings revised the outlook on the Long-term Issuer Default Rating (IDR) of the Russian steelmaker MMK to positive and confirmed the BB+ rating, the international rating agency said on Monday.

The positive outlook reflects MMK's strong financial performance, which has largely been in line with Fitch's expectations, the rating agency said.

The short-term issuer default rating is confirmed at ‘B’ level, the rating agency said.

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