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Fitch keeps Mirax on watch
Fitch Ratings said it is keeping LLC Mirax Group's ratings of long-term foreign- and local-currency issuer default rating at B, short-term issuer default rating at B and national long-term rating at BBB-(rus) on Rating Watch negative.
This action relates to heightened concerns over Mirax's short-term liquidity position, which has shown signs of weakening over recent months and created a degree of short-term refinancing risk, Fitch said.
Other concerns are related to Mirax's recent group restructuring, the agency said.
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