The Fitch Ratings International rating agency confirmed the long -term rating of the issuer default (RDE) of Metinvest BV at the level of "B". This is stated in the statement of the agency.
The priority unsecured rating for 2015 and 2018 of the release of Eurobonds (Eurobonds) was also confirmed at the level of "B"/"RR4".
"Metinvest's ratings reflect its scale as one of the largest iron ore producers in the CIS, with sales in the domestic market at the level of 26 percent of the total income, inexpensive production base, self -sufficiency of 100 percent ore and 65 percent coking coal. The ratings also take into account the finding of the metinvest in the immediate vicinity of the sources raw materials, Black Sea ports and key end markets, ”the Fitch Ratings reported.
The main risks for metinvest, according to Fitch Ratings in 2013, will be a stable weakening of the company's financial profile in accordance with FFO: the total lever is above 2.5x and/or operational profitability (EBIT) below 6 percent on an ongoing basis.
A positive factor and basis for raising the rating of metinvest could be a change for the better of the sovereign rating of Ukraine, write in Fitch.
Fitch confirmed the rating of metinvest at level B, the forecast is stable
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Azovpromstal® 20 June 2013 г. 11:25 |
