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11 Apr
19:00

Fitch upgrades Metinvest's rating

Fitch Ratings has upgraded Ukrainian steelmaker and miner Metinvest's long-term issuer default rating (IDR)  and senior unsecured bonds from B to B. The credit analyst has kept its recovery rating of RR4 unchanged, Kallanish notes. While Fitch assesses the company's business and financial profile in the BB category, its credit quality is constrained by the operating environment in Ukraine, Fitch notes.  Metinvest emp…
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