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Fitch assigns B to Metinvest notes
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Tuesday, 21 Dec 2010
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It is reported that Fitch Ratings has assigned final senior rating of 'B' to Metinvest Eurobonds 2015 worth USD 500 million.

According to Millennium Capital analyst “We regard this news as NEUTRAL for Metinvest notes. Previously in late Apr the agency assigned “B-” to the planned notes of the issuer and however we expected the rating to be upgraded following the sovereign action. Currently the final rating is in line with Metinvest LT foreign currency Issuer Default Rating of 'B' and corresponds to the sovereign action.”

(Sourced from Millennium Capital)

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