London, 26 April 2016 -- Moody's Investors Service has today confirmed the Ba1 corporate family ratings (CFRs) and Ba1-PD probability of default ratings (PDRs) of three Russian steel/mining companies: NLMK, PAO Severstal and MMC Norilsk Nickel, PJSC (Norilsk Nickel). At the same time, Moody's upgraded Magnitogorsk Iron & Steel Works' (MMK) CFR to Ba1 from Ba2 and PDR to Ba1-PD from Ba2-PD. The outlook on all the ratings is negative.

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