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Fitch affirms Beluga Group
Fitch Ratings said it affirmed PJSC Beluga Group's foreign currency long-term issuer default rating at B+.
The outlook is stable.
“The rating reflects our expectations that Beluga will maintain its leading positions in the Russian spirits industry, with expected low single-digit revenue growth in vodka to be supplemented by faster growth in other spirits, exports and recently acquired retail and wine businesses,” the agency said in a news release.
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