KIEV, April 15 - Fitch Ratings has downgraded Metinvest B.V.'s (Metinvest) Long-term Issuer Default Rating (IDR) to 'RD' (Restricted Default) from 'CCC', following the company's disclosure of a continuing payment default under its pre-export financing (PXF) facilities for a total $113 million.

The company's senior unsecured rating applicable to its 2015, 2017 and 2018 notes has been downgraded to 'C'/'RR6' from 'CCC'/'RR4', Fitch said in a statement.