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Fitch ups view of five Ukraine firms
Fitch Ratings said it revised the outlooks on five Ukrainian companies to stable from negative following the agency's rating action on Ukraine's sovereign ratings.
DTEK Holding Ltd.'s outlook was revised to stable from negative. Its long-term foreign-currency issuer default rating was affirmed at B-, short-term foreign-currency issuer default rating at B, long-term local-currency issuer default rating at B, short-term local-currency issuer default rating at B, national long-term rating at AA+(ukr) and national senior unsecured rating at AA+(ukr).
Metinvest BV's outlook was revised to stable from negative. Its long-term foreign-currency issuer default rating was affirmed at B-, short-term foreign-currency issuer default rating at B, long-term local-currency issuer default rating at B, short-term local-currency issuer default rating at B, national long-term rating at AA+(ukr) and national short-term rating at F1+(ukr).
PJSC Azovstal Iron and Steel Works' outlook was revised to stable from negative. Its long-term foreign-currency issuer default rating was affirmed at B-, short-term foreign-currency issuer default rating at B, long-term local-currency issuer default rating at B-, short-term local-currency issuer default rating at B, senior unsecured foreign-currency rating at B- with recovery rating of RR4 and national long-term rating at AA-(ukr).
MHP SA's outlook was revised to stable from negative. Its long-term foreign-currency issuer default rating was affirmed at B- and senior unsecured foreign-currency rating at B- with recovery rating of RR4.
OJSC Myronivsky Hliboproduct's long-term foreign-currency issuer default rating was affirmed at B-, long-term local-currency issuer default rating at B and national long-term rating at AA(ukr).
The long-term foreign-currency issuer default rating of each company except for Azovstal Iron remains constrained by Ukraine's country ceiling of B-.
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