FRANKFURT, April 26 - Moody's Investors Service has changed its outlook on the B2 corporate family rating of Ukrainian steel producer Metinvest B.V. to positive from stable.

The statement said: "At the same time a (P)B3 rating was assigned to the proposed bond issuance and the national scale rating was upgraded to A1.ua. The rating action was prompted by Metinvest's relatively resilient annual results in 2009, despite of one of the worst years for the steel industry globally.