09
Apr
15:56
Fitch upgrades three Russian steelmakers' ratings
Fitch Ratings says it has upgraded three Russian major flat steel producers Severstal, NLMK and MMK long-term issuer default rating (IDR) from BBB- to BBB, and changed its output to "… stable," Kallanish notes.
The rating is above the Russian BBB-/positive country ceiling, which is in line with Fitch's non-financial corporates rating criteria, based on the three steelmakers' "… strong hard-currency external debt service ratio…
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Anonymous
Very good overview of the weekly steel market.
Anonymous