PJSC Magnitogorsk Iron and Steel Works: MMK notifies that Fitch Ratings has downgraded MMK's credit rating
PJSC Magnitogorsk Iron and Steel Works: MMK notifies that Fitch Ratings has downgraded MMK's credit rating
- PJSC Magnitogorsk Iron and Steel Works: MMK notifies that Fitch Ratings has downgraded MMK's credit rating
Dissemination of a Regulatory Announcement, transmitted by EQS Group. - PJSC Magnitogorsk Iron & Steel Works ("MMK", or "the Group") (MOEX: MAGN; LSE: MMK) notifies that Fitch Ratings has downgraded MMK's long-term foreign currency and local currency issuer default ratings to '' from 'B'/Rating Watch Negative.
- In 2021, MMK produced 13.6 mln tonnes of crude steel and sold 12.5 mln tonnes of commercial steel products.
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