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12 Aug
13:30

Fitch affirms Nornickel’s ratings, nickel demand to stabilise

Fitch Ratings has affirmed Nornickel’s long-term issuer default rating (IDR) and senior unsecured rating at 'BBB-'. The outlook on the IDR is stable. “The rating reflects the company’s large scale, diversification across nickel, copper and cost leadership underpinned by a significant, low-cost polymetallic mineral resource base,” the credit rating agency says in a note seen by Kallanish. Fitch views the ongoing metals price rally …
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