Debute A-(ru) national rating issued by ACRA
21 February 2020
Industrial Metallurgical Holding (IMH), one of the global leading suppliers of merchant pig iron and the biggest merchant coke producer in Russia, announces its debute national credit rating A- assigned by ACRA with outlook «Stable».
The leading Russian credit agency ACRA assigned A-(RU) rating to PJSC “KOKS” (referring to KOKS and a group of its subsidiaries, hereinafter, the Group), with outlook “Stable”. The agency notes that the rating assumes fairly high business profile assessment driven by the vertically integrated metallurgical production model that is being built, flexibility in geographical diversification of the target markets and low industry risk profile. Broad customer base in Russia and overseas as well as favorable geographic location of the pig iron production facilities adding flexibility to the sales process that is subject to the market environment were named among other positive factors providing high credit quality of the Group.
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