Rusal assigned AA+ credit rating by CCXR

The assigned AA+ rating reflects that Rusal has the capacity to comfortably meet its financial obligations, is less susceptible to adverse economic conditions and has a very low risk of default. The stable outlook takes into account possible changes in economic or business fundamentals, indicating the medium to long-term trend of the Company’s credit rating.

CCXR analysts acknowledged the role of economies of scale at Rusal, as well as the high level of vertical integration, which provides a strong advantage in terms of production costs, and mature sales network of the Company. The rating report also notes the positive role of RUSAL’s strategic investment with MMC Norilsk Nickel, emphasizing the fact that the diversification increases the Company’s ability to withstand operational risks, whilst dividend payments from associates and joint ventures make a powerful addition to profit and cash flow.

“The respected rating assigned to Rusal by CCXR nationwide rating agency of China has acknowledged our financial strength and stability. The Chinese market and the Asian region as a whole are a core importance in our development strategy. UC RUSAL’s shares are traded on the HKSE, and the value given to us by the Asian market is very important for the Company from potential borrowing terms and the fair market value of Rusal’s securities,” commented Rusal’s Deputy CEO Oleg Mukhamedshin.