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.