OREANDA-NEWS. METALLOINVEST (“the Company”) announces that Fitch Ratings (“Fitch”) has affirmed the Company’s ‘BB-’ long-term issuer default rating. The rating outlook has been revised from Stable to Positive.

Fitch has simultaneously assigned an expected foreign currency senior unsecured rating of ‘BB-(EXP)’ to the Company’s Eurobonds intended to be issued in the second quarter of 2013.

According to the Fitch published statement the rating action is driven by robust liquidity position as well as historically strong operational profile translating into positive free cash flow through the cycle.