Moody's Upgrades Alrosa Credit Rating

Mining and Exploration
22/04/2015 06:02

Credit agency, Moody's Investors Service, has revised upwards diamond miner Alrosa’s credit rating to Ba2 from Ba3 and gave a positive reassessment of the company’s financial outlook. “Following a reassessment of the credit profile, today's rating action reflects Moody's view that despite the inherent risks that remain in the Russian market, Alrosa has continued to perform in line with Moody's guidance for a positive rating action, and to maintain a solid liquidity profile," Moody's wrote.