S&P upgraded ALROSA to BB+, Outlook stable

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Moscow, July 06, 2017 – PJSC ALROSA, the global leader in rough diamond production, reports upgrade of its long-term corporate credit rating to BB+, outlook stable.

Rating action reflects the fact that ALROSA demonstrated strong operational and financial performance over 2016 and the first half of 2017.

The stable outlook reflects S&P’s view that ALROSA's very low leverage, strongly positive free operating cash flow generation, high profitability, and solid 30% global market share help the company mitigate the inherent volatility in the industry and potential risk of higher dividends.

This page was last updated on 06 July 2017 at 19.25