Russia-based leading global iron ore and hot briquetted iron (HBI) producer Metalloinvest has announced that the company has been assigned a ‘BB-‘ long-term corporate credit rating by international rating agency Standard & Poor's, with a positive outlook.
In its published statement, Standard & Poor's noted Metalloinvest's solid domestic market position, high vertical integration and low cost position, which are supported by the company's operating results and margins.