Two international rating agencies, Fitch and S&P, revised Metinvest’s ratings upward on effective fnancial policy. Outlook for both changes is stable. Fitch upgraded long term local- and foreign-currency issuer default ratings from “B+” to “BB-”. The outlook remained stable. The decision follows Ukraine’s country ceiling upgrade from “B-” to “B” and made according to “its [Metinvest] comfortable hard-currency external debt service coverage, and also its ’BB’ category business and fnancial profles,” the agency’s statement reads.
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