Moody's: TMK view positive

Moody's Investors Service said it changed the outlook to positive on TMK Group's Ba3 corporate family rating and Aa3.ru national scale rating and TMK Capital SA's B1 senior unsecured rating on its loan participation notes.

The outlook change "reflects TMK's continuous robust performance in 2006 and the first half of 2007 and Moody's expectation that the global and, in particular, the Russian tubular goods market will remain benign and will continue to support the financial performance of the company," Larissa Loznova, vice president and senior analyst at Moody's, said in a written statement.

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