International rating agency Moody’s has upgraded the long-term credit rating of NLMK Group, an international steel company with operations in Russia, the United States, and the European Union, from Ba1 to investment grade Вaa3, with a positive outlook.
NLMK Group, an international steel company with operations in Russia, the USA and the European Union, was recognized in the 20th Annual Report Competition organized by the Moscow Exchange and RBC Group. NLMK topped the Best Annual Report in Metals & Mining category.
At a meeting held on 27 October 2017, NLMK Group’s (LSE: NLMK) Board of Directors recommended the Company’s shareholders to approve payment of Q3’17 dividends of RUB 5.13 per share at the upcoming Extraordinary General Shareholder Meeting (EGM) which will be held on 22 December 2017.
NLMK Group (MICEX and LSE: NLMK) is pleased to announce a 64% sequential growth in free cash flow in Q3 2017, to $533 m, and a 7% growth in EBITDA to $648 m.