Fitch Affirmed OJSC MMC Norilsk Nickel at BBB- and removed the “Rating Watch Negative”

Mineweb reports Norilsk Nickel (LON:MNOD) says the international rating agency Fitch Ratings affirmed its foreign currency Long-Term Issuer Default Rating (IDR) at “BBB-” and foreign currency Short-Term IDR at “F3″.

The article is quoted as saying,

The outlook on Norilsk Nickel’s IDR is stable. Fitch commented that the ratings continue to reflect Norilsk Nickel’s core strengths, including its position as the world’s leading producer of nickel and palladium, as well as being a significant producer of copper/platinum.

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