27
Mar
18:30
Moody's raises Metinvest rating on restructured debt
Moody's has upgraded Ukrainian iron and steelmaker Metinvest's ratings following the completion of its debt restructuring. The company is no longer in default on its debt obligations, says the ratings agency.
The agency has lifted Metinvest's corporate family rating (CFR) to Caa2 from Caa3, its probability of default (PDR) rating to Caa2-PD/LD from D-PD, and its national scale rating to B1.ua from Caa3.ua. The outlook on the ratings is stable, …
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Anonymous
Very good overview of the weekly steel market.
Anonymous