15
Apr
01:00
Fitch downgrades Metinvest on payment default, expects lenders' decision on 1 May
Fitch has downgraded Metinvest’s Long-term Issuer Default Rating to 'RD' (Restricted Default) following the Ukrainian firm’s disclosure last week of continuing payment default under its pre-export financing (PXF) facilities.
Metinvest launched consent solicitations to request a deferral of a 2015 bond principal repayment due on 20 May (see Kallanish 10 April). “The Group has been unable, like other Ukrainian entities, to o…
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Anonymous
Very good overview of the weekly steel market.
Anonymous