11
Oct
15:31
Fitch removes Koks Group from rating watch negative
Fitch Ratings has removed Russian pig iron company Koks Group's (KOKS) ratings from Rating Watch Negative. It has also affirmed the company's long-term Foreign- and local-Currency Issuer Default Ratings (IDRs) at 'B', the credit rating agency says in a note sent to Kallanish.
The agency expects KOKS to deleverage to 4.2x in the second half of 2016 and to 3.7x in 2017 as pig iron and steel markets rebound after their lows in H215-H116. Deleveragin…
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Anonymous
Very good overview of the weekly steel market.
Anonymous