|Fitch Ratings affirms Metinvest’s long-term default rating at ‘CCC’|
Journal Staff Report
The international rating agency Fitch Ratings has affirmed Metinvest B.V.'s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) and senior unsecured rating at 'CCC'. The Recovery Rating is 'RR4.' "Metinvest's ratings reflect that the company is sufficiently funded over the next six months, aided by cash-flow generation from an international asset base, few material near-term maturities and its existing cash position," Fitch said.