Moody’s lifts Metalloinvest

Moody's Investors Service said it upgraded JSC Holding Co. Metalloinvest's corporate family rating to Ba1 from Ba2 and probability of default rating to Ba1-PD from Ba2-PD.

Concurrently, the agency upgraded the ratings of the senior notes issued by Metalloinvest Finance DAC to Ba1 from Ba2.

The outlook was changed to stable from positive.

“Today's upgrade of Metalloinvest's rating to Ba1 primarily reflects the improved visibility into the company's shareholder distributions, as a result of its new shareholder distribution policy adopted in the beginning of 2019,” the agency said in a news release.

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