Fitch Rating for MHP S.A.
Время публикации:
July 09 2010
Fitch Ratings yesterday announced that it has upgraded the Issuer Default Rating (IDR) for Ukraine-based agricultural producer MHP S.A to ‘B’. MHP S.A. had previously been rated ‘B-’ with a stable outlook. This upgrade followed closely the upgrade of not only Ukraine’s long-term national rating to ‘AA’ but also the long-term IDR of foreign and national currencies to ‘B’. Furthermore, Ukraine’s ceiling rating also improved, advancing from ‘B-’ to ‘B’.
In addition to MHP’s long-term IDR in national currency terms being upgraded from ‘B-’ to ‘B’ with a stable outlook, the long-term national rating also improved, increasing from ‘AA(ukr)’ to ‘AA+(ukr)’ with a stable outlook.
Fitch also upgraded several other Ukrainian companies, including DTEK Holding Limited, Metinvest B.V., “Azovstal” and NAK “Naftogaz Ukraine”.
Note:
July 2010 Credit Ratings of MHP S.A. from international rating agencies: Moody’s Investors Service – B3/stable; Fitch Ratings – B/stable.
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