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S&P, Moody’s, and Fitch withdraw NLMK's rating

4th Apr 2022 15:00

RNS Number : 1797H
Novolipetsk Steel
04 April 2022
 

Press release

4 April 2022

S&P, Moody's, and Fitch withdraw NLMK's rating

NLMK Group reports that S&P, Moody's, and Fitch have withdrawn the Company's credit ratings. These decisions were initiated by the rating agencies in light of the requirements set out by European regulators.

About NLMK Group

NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.

NLMK Group's steel products are used in various industries, from construction and machine building to the manufacturing of power-generation equipment and offshore wind turbines.

NLMK operates production facilities in Russia, Europe, and the United States. The Company's steel production capacity exceeds 18 million tonnes per year.

NLMK's ordinary shares with a 20.7% free-float are traded on the Moscow Stock Exchange (ticker "NLMK") and its global depositary shares are traded on the London Stock Exchange (ticker "NLMK:LI"). The share capital of the Company is divided into 5,993,227,240 shares with a par value of RUB1.

For more information about NLMK Group, please visit our website.

 

 

IR contact info:

Dmitry Kolomytsyn, CFA

+7 (495) 504 0504

ir@nlmk.com

Media contact info:

Maria Simonova

+7 (915) 322 62 25

[email protected]

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