Moody’s ups Metinvest, MHP

Moody’s Investors Service said it upgraded the corporate family ratings and the probability of default ratings of Metinvest BV and MHP SE to B2 and B2-PD from B3 and B3-PD, respectively.

At the same time, the agency upgraded the national scale ratings of Metinvest and MHP to A1.ua and A2.ua, respectively, from A3.ua. Concurrently, Moody’s revised the outlooks on Metinvest’s and MHP’s ratings to stable from positive.

The upgrades and outlook revisions follow Moody’s upgrade of Ukraine’s long-term issuer and senior unsecured ratings to B3 from Caa1, the agency said. Concurrently, Ukraine’s long-term foreign-currency bond ceiling was raised to B2 from B3.

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