OREANDA-NEWS. June 22, 2012. METALLOINVEST, a leading global iron ore and HBI producer based in Russia, today announces that Fitch Ratings has affirmed the Company’s Long-term foreign and local currency Issuer Default Ratings at ‘BB-‘. The agency also affirmed METALLOINVEST’s National Long-term rating at ‘A+(rus)’ and foreign currency senior unsecured rating at ‘BB-‘. The Outlook for the Long-term ratings is Stable.

According to the Fitch statement, the rating affirmations reflects METALLOINVEST’s strong operational profile including the second largest iron ore reserves globally and the first quartile cost position for both iron ore pellets and Hot Briquetted Iron (HBI).