OREANDA-NEWS. May 26, 2011. OJSC MMC Norilsk Nickel (hereinafter – Norilsk Nickel or the Company) announces that today international rating agency Standard & Poor’s (hereinafter – S&P) confirmed the Company’s long-term corporate credit rating at the level of 'BBB-' and Russia national scale rating at the ‘ruAA+’ level. The Agency has removed Company’s ratings from Credit Watch Negative. The Outlook is Negative, reported the press-centre of Norilsk Nickel.

Credit Watch Negative resolution reflects the statements of MMC Norilsk Nickel that it will make no new offers to buy back its shares from 25% shareholder UC Rusal Plc. It also reflects opinion of the Agency that the Company’s financial metrics are likely to remain robust in the currently favorable metal pricing environment.

The negative outlook reflects the potential implications of continuing strategic differences between Norilsk's two largest shareholders.