OREANDA-NEWS. METALLOINVEST ("the Company") announces that Moody’s Investor Service ("Moody’s") has upgraded the Company’s corporate family rating from ‘Ba3’ to ‘Ba2’ with a Stable outlook.

Moody’s has also upgraded the rating on the senior unsecured debt from ‘Ba3’ to ‘Ba2’ on the Company’s outstanding Eurobonds as well as assigned a provisional ‘(P)Ba2’ rating to the Company’s Eurobonds intended to be issued in the second quarter of 2013.

According to the Moody’s published statement the rating upgrade reflects the Company’s good profitability despite challenging market conditions, increased share of domestic sales under long-term contracts, and focus on high value-added products, i.e. pellets and HBI/DRI.