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Moody's has affirmed the rating of Norilsk Nickel on the Lower medium grade level

Specialists of the International rating agency Moody's Investors Service (USA, Boston, MA) confirmed a measure of the creditworthiness of the Russian company Norilsk Nickel at the Lower medium grade level (Baa2 according to Moody's — an analog of BBB from S & P and Fitch's) with a «stable» outlook. Thus, the agency has completed the process of monitoring the situation with the possibility of reducing the «Norilsk Nickel» credit rating, which was initiated last summer. The reasons for the revision of estimates in the period were the differences between the majority shareholders of the company («Interros» Vladimir Potanin and «Rusal» Oleg Deripaska) and the delay in publishing the financial report of mining and metallurgical enterprises.

«The conflict between the major holders of Norilsk Nickel's assets are not yet fully resolved, however, there is a stabilization of the situation. We also took into account the timeliness of disclosure of financial statements of the Company for 2011, figures which speak for Strong position of the issuer in the market (in spite of hard times for manufacturers of non-ferrous metals). Therefore, the «negative» outlook, we have changed to «stable» and left the credit rating of the company at the same level «- commented on his decision analysts Moody's.

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