S&P takes Metinvest off watch

S&P said it affirmed its B issuer rating for Metinvest BV and removed it from CreditWatch with negative implications.

“We affirmed our B rating on Metinvest after revising upward our base case following encouraging performance in the first half of the year. Compared with our previous review, we are no longer concerned that the company would breach its financial covenants,” S&P said in a press release.

The outlook is stable.

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