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United Company RUSAL Plc: Update following ratings affirmation, outloo...

Our credit view of United Company RUSAL Plc, reflecting its weaker standalone credit metrics amid low aluminium prices, offset by the dividend stream from Norilsk Nickel.

United Company RUSAL Plc: Suspension of Guyana operations will not hav...

The suspension will not have a substantial impact on RUSAL’s operations or financial performance, and is therefore credit neutral

United Company RUSAL Plc: Participation in US joint venture is credit ...

An equity investment of up to $200 million will provide RUSAL with a sales channel for low-carbon aluminium slabs from its new Taishet smelter, which is currently under construction.

United Company RUSAL Plc: Credit analysis following Ba3 rating assignm...

Our credit view of United Company RUSAL Plc, reflecting its strong market position, moderate leverage, and its sensitivity to volatile aluminium prices and the rouble exchange rate.

United Company RUSAL Plc: Increased aluminium price premium will reduc...

The US tariff on aluminium imports will have a limited impact on RUSAL given the company's moderate sales volume to the US and the increase in the aluminium price premium.

United Company RUSAL Plc: Ratings unaffected by consent solicitation t...

Changing the leverage covenant calculation under eurobonds would increase the cushion under the covenant, thereby increasing RUSAL’s ability to raise new debt.

Please Change Name Artem Frolov
  • Please Change Name Artem Frolov

United Company RUSAL Plc: Sustainable reduction in leverage is key for...

CORPORATES ISSUER IN-DEPTH 12 October 2017 RATINGS Corporate Family Rating Ba3 Outlook Positive Source: Moody’s Investors Service KEY METRICS: 30/06/17(LTM) 31/12/16 31/12/15 Revenue ($ billion) 8.9 8.0 8.7 EBIT margin 15.4% 13.2% 18.1% Debt/ EBITDA*

Please Change Name Artem Frolov
  • Please Change Name Artem Frolov

United Company RUSAL Plc: Update following affirmation at Ba3, outlook...

CORPORATES CREDIT OPINION 2 October 2017 Update RATINGS United Company RUSAL Plc Domicile Jersey Long Term Rating Ba3 Type LT Corporate Family Ratings Outlook Positive Please see the  ratings section  at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Artem Frolov 7-495-228-6110

Please Change Name Artem Frolov
  • Please Change Name Artem Frolov

Moody's changes outlook on RUSAL's Ba3 rating to positive; affirms rat...

Rating Action: Moody's changes outlook on RUSAL's Ba3 rating to positive; affirms ratings. Global Credit Research- 26 Sep 2017. London, 26 September 2017-- Moody's Investors Service has changed to positive from stable the outlook on the ratings of the world's second-largest aluminium producer United Company RUSAL Plc.

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