07
Dec
14:57
Fitch assigns ChelPipe's IDR at 'BB-'; Outlook Stable
Fitch Ratings has assigned Russia’s Chelyabinsk Pipe-Rolling Plant (ChelPipe) a first-time Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'BB-' with Stable Outlook, Kallanish notes.
ChelPipe’s margins will remain robust, and deleveraging will continue over the next 2-3 years on positive free cash flow generation. This will result in funds from operations gross adjusted leverage within the range 2.5x to 3.5x from 2016.
There are …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous