Norilsk Nickel Announces Moody’s Rating

OJSC MMC Norilsk Nickel (LSE:MNOD) announced Moody’s Investors Service reaffirmed its ‘Baa2′ rating assigned for Norilsk.

As quoted in the press release:

Moody’s has changed its long-term credit outlook from negative to stable.

 According to Moody’s, in 2011 MMC Norilsk Nickel demonstrated stable operating and financial results – revenues increased by 11% with EBITDA largely matching previous year results, while the Company still maintains comfortable level of debt.