KIEV, June 22 - Fitch Ratings has affirmed Metinvest B.V.'s (Metinvest) long-term foreign currency Issuer Default Rating (IDR) at 'B', its Long-term local currency IDR at 'B+', and national long-term rating at 'AA+(ukr)'.
As Fitch said in a statement, the Long-term ratings have stable outlooks.
Metinvest's short-term foreign currency IDR is 'B', its Short-term local currency IDR is 'B' and the national short-term rating is 'F1+(ukr)'. The long-term foreign currency IDR remains constrained by Ukraine's sovereign ratings ('B'/Stable/'B'). The recovery rating for the senior unsecured debt is 'RR4'.
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