Fitch Ratings has affirmed Ukrainian commodity processor Kernel Holding S.A.’s Long-Term Foreign- and Local-Currency (LC) Long-Term Issuer Default Ratings (IDR) at ‘BB-‘. The Outlook is Stable. “The affirmation reflects our expectations that Kernel will maintain a high share of export profits (FY20: 95% of EBITDA), and continue proactively refinancing upcoming debt maturities,” Fitch said in … Read more
Standard & Poor’s Global Ratings (S&P) has affirmed its ‘B’ long-term issuer credit rating on the Metinvest mining and smelting group (Metinvest B.V. – the Netherlands) and changed the outlook from negative to stable. According to the agency’s press release, it affirmed its ‘B’ rating on Metinvest after revising upward its base case following encouraging … Read more
The international rating agency S&P Global Ratings has placed the “B-” rating of DTEK Renewables with a negative outlook on CreditWatch for a possible downgrade due to a deterioration in the company’s liquidity against the background of a low level of settlements under feed-in tariffs. “We are therefore placing our ‘B-‘ rating on DTEK Renewables … Read more
Metinvest, the largest Ukrainian mining and metallurgical holding, took 42nd place in the list of the largest world steel producers with a volume of 9.58 million tonnes in 2019 compared to the 42nd place with a volume of 9.37 million tonnes of steel in 2018, the 42nd place with a volume of 9.59 million tonnes … Read more
Nova Poshta Global (NPG), a member of Nova Poshta group of companies, launches scheduled flights from/to the United States and China. The company’s press service said on Tuesday that flights by the order of Nova Poshta Global will be operated several times a week and deliver both parcels from Ukraine and purchases made by Ukrainians … Read more
The National Bank of Ukraine (NBU) has decided to coordinate amendments to the rules of the Forpost domestic payment system (part of the Nova Poshta group of companies), which, in particular, provide for a change in its status and name to the NovaPay international payment system, the central bank’s website says. The National Bank said … Read more
Fitch Ratings has upgraded Ukraine-based Ferrexpo Plc’s (Ferrexpo) Long-Term Issuer Default Rating (IDR) to ‘BB-‘ from ‘B+’, the outlook is stable, the rating agency said on its website. “The upgrade follows Ukraine’s Country Ceiling upgrade to ‘B’ from ‘B-‘ on September 6, 2019. The IDR of Ferrexpo remains two notches above the Country Ceiling, reflecting … Read more
Kernel, a large Ukrainian agricultural holding, saw $59.61 million in net profit in the first quarter of FY2020 (July 2019 – June 2020), which is 24% less than in the first quarter of FY2019 over the IFRS 16 impact. According to a report of Kernel Holding S.A. (Luxembourg) on Wednesday, revenue reduced 26% year-over-year to … Read more
DTEK energy holding jointly with Danish Vestas, the global leader in manufacturing of wind turbines, has completed building Orlivska wind farm with a capacity of 100 MW (Azov seacoast in Zaporizhia region). “We have completed one of our strategic goals – we have reached 1 GW of green generation capacity by investing more than EUR … Read more
Nova Poshta has become a partner of the Ukrainian online retailer Rozetka for delivery to Moldova, the company’s press service has said. “In September 2019, the Moldovan website of the Rozetka online store was launched in a test mode, through which residents can buy goods and order their delivery home. Delivery abroad is carried out … Read more