Fitch Ratings has assigned Metinvest B.V.’s (B/Positive) new 7.75% $945 million senior unsecured notes due 2023 and 8.50% $648 million senior unsecured notes due 2026 final ratings of ‘B’/’RR4’, according to a posting on the rating agency’s website. “The assignment of final ratings follows the receipt of documents conforming to information already received. The final … Read more
Fitch Ratings has upgraded NJSC Naftogaz Ukrainy’s Long-Term Foreign-and Local-Currency Issuer Default Ratings (IDR) to ‘B-‘ from ‘CCC’ with stable outlook, according to a report posted on the website of the rating agency on Tuesday. According to the document, the upgrade of Naftogaz’s IDRs follows Fitch’s reassessment of its standalone credit profile (SCP) and linkage … Read more
Fitch Ratings has affirmed the Ukrainian city of Kyiv’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at ‘B-‘ and National Long-Term Rating at ‘A-(ukr)’, the outlooks are stable, reads a posting on the website of the rating agency. “The ratings reflect a weak institutional framework for subnationals in Ukraine (B-/Stable), still material foreign currency-denominated … Read more
Fitch Ratings has assigned Biz Finance Plc upcoming hryvnia-denominated eurobond issue an expected Long-Term rating of ‘B-(emr)(EXP)’ and recovery rating of ‘RR4’, reads a report on the rating agency’s website. “Senior unsecured loan participation notes will be issued by Biz Finance Plc, a UK-based special-purpose vehicle. Proceeds from the issuance will be lent by Biz … Read more
Fitch Ratings has upgraded Ukraine-based Ferrexpo Plc’s Long-Term Issuer Default Rating (IDR) to ‘B’ from ‘B-‘, reads a report on the rating agency’s website. “The outlook on the IDR is positive. In addition, Ferrexpo’s senior unsecured ratings have been upgraded to ‘B’ from ‘B-‘. The Recovery Rating is unchanged at ‘RR4’,” the report says. “The … Read more
Lviv plans a UAH440 million bond issue (to be issued in two tranches in 2018), Fitch Ratings said in a press release on Monday. “For 2018 Lviv’s direct debt may increase to UAH 440 million, or a still low 4.7% of current revenue (from less than 0.1% in 2014-2017), if the city is successful in … Read more
Fitch Ratings has upgraded the Long-Term Foreign Currency Issuer Default Rating (IDR) of PJSC CB PrivatBank (Privat) to ‘B-‘ from ‘RD’ (Restricted Default). The Outlook on the Long-Term IDR is Stable. Fitch said in a press release that the Long-Term Local Currency IDR was upgraded to ‘B-‘ from ‘CCC’. The Outlook is Stable. The Local … Read more
Fitch Ratings has affirmed Ukraine’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B-‘ with a Stable Outlook, Fitch said in a press release published on October 27. In addition, issue ratings on long-term senior-unsecured foreign-currency bonds affirmed at ‘B-‘; issue ratings on long-term senior-unsecured local-currency bonds affirmed at ‘B-‘ and issue ratings on short-term senior-unsecured … Read more