S&P rates Fintest Trading B-

Standard & Poor's said it assigned a B- long-term corporate credit rating to Fintest Trading Co. Ltd., a holding company for Donetsk Steel Group.

The outlook is stable.

The rating reflects Fintest Trading's weak business risk profile and highly leveraged financial risk profile, S&P said.

Fintest Trading mines coking coal, which accounts for the bulk of its profits, the agency said, and is vertically integrated in coke and pig iron production.

The stable outlook reflects the company's limited maturities in the next 12 months and an expectation that Fintest Trading will proactively address its maturities in the second half of 2014 and in 2015, Fitch said.

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