S&P Affirms Diamond Miner Alrosa at ‘BB-/B’

Reuters Africa reported Alrosa (RTC:ALNU,MCX:ALRS) demonstrated notably improved financial results and credit metrics in 2011.

As quoted in the market news,

We have raised our assessment of ALROSA’s stand-alone credit profile to ‘b+’ from ‘b’ and revised our assessment of the likelihood of extraordinary government support to “moderate” from “moderately high”.

Click here to read the full Reuters Africa report.