KYIV, Oct 1 - Fitch Ratings has assigned Metinvest B.V.'s (BB-/Negative) new 7.65% $333 million notes due 2027 a final senior unsecured rating of 'BB-'," the agency said on its website.

"The new notes rank pari passu with Metinvest's existing senior unsecured notes. The proceeds are being used to complete the tender for $104 million of existing 2021 and $193 million of 2023 senior unsecured notes, as well as to fully redeem $11 million of the 2021 notes that remain outstanding following the tender offer settlement and successful consent solicitation, which will support financial flexibility over the medium term. For Metinvest to maintain its Long-Term Issuer Default Rating (IDR) at two notches above the 'B' Country Ceiling of Ukraine, hard-currency (HC) debt service cover needs to remain sustainably above 1.5x on an 18-months rolling basis. The completion of this refinancing will create headroom relative to the minimum requirement for HC debt service cover," the report says.