OREANDA-NEWS. July 16, 2012. OJSC MMC Norilsk Nickel (hereinafter – MMC Norilsk Nickel or the Company) is pleased to announce that having analyzed the Company’s current financial and operating performance the Moody’s Investors Service (hereinafter – Moody’s) reaffirmed its 'Baa2' rating assigned to the Company. Moody’s has changed its long-term credit outlook from negative to stable, reported the press-centre of Norilsk Nickel.

According to Moody’s, in 2011 MMC Norilsk Nickel demonstrated stable operating and financial results – revenues increased by 11% with EBITDA largely matching previous year results, while the Company still maintains comfortable level of debt.

The stable outlook reflects Norilsk Nickel’s strong cost position, which will continue to positively affect the company’s profitability and free cash flow generation. In combination with the diversified basket of metals this supports Norilsk Nickel’s strong credit profile even in the environment of volatility in metal prices.