OREANDA-NEWS. On January 21, 2007 Standard & Poor's Rating Agency confirmed Azovstal rating at B2 level with positive forecast. This information is included into the official Agency report.

“Positive forecast” says about the possibility of Azovstal rating increase and about the absence of risk factors that can negatively affect the current level of the company liquidity. The reason is that Azovstal is the part of Metinvest Group that has transparent and up to world standards system of corporate management for a holding company. 

Standard & Poor's points out the possibility of Azovstal rating increase after the agency will learn the corporate management practices in the holding company. 

Sergey Novikov, Financial Director of LLC “METINVEST HOLDING”, says: “At the present time Metinvest Group started to prepare the procedure of receiving rating for LLC “METINVEST HOLDING”. It means that the rating agency will be able to estimate the efficiency of corporate management instruments at the level of holding company and to present its conclusions in rating form. Till the end of the first six months we are planning to get audited financial reporting and preliminary results of credit estimation. At the second half year holding company rating is expected to be officially published. Thereafter Azovstal and Eurobonds rating will probably be reviewed”.

Confirmation of rating and forecast at B2-/positive/ level proves that Azovstal is a financially stable and attractive to investments enterprise that fulfill all its obligations for the partners (including investors) timely and in full volume.