Fitch rates Metinvest currency BB-, B

Fitch Ratings said it has assigned Metinvest BV long-term foreign and local currency issuer default ratings of BB- and a short-term foreign currency issuer default rating of B.

The outlook on the long-term foreign currency issuer default rating is negative, while that on the long-term local currency issuer default rating is stable, Fitch said, noting that it has also assigned the company a national long-term AA(ukr) rating with stable outlook and a national short-term F1+(ukr) rating.

The ratings are driven by Metinvest's scale as the sixth-largest global iron ore producer and the fourth-largest CIS crude steel producer in FY07, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.