Moody’s firstly assigns ratings to Donetsksteel

On 25 March, 2013 Moody’s Investors Service firstly assigned a B3 corporate family rating (CFR) and a B3-PD probability of default rating (PDR) to Fintest Trading Co Limited (Donetsksteel). Concurrently, Moody’s assigned a national scale rating (NSR) to the company. The outlook on the ratings is negative.

Decision to assign these ratings reflects the company’s exposure to the sovereign risks, the volatile and cyclical steel and mining sector and also the company’s significant high quality coal reserves.  The negative outlook on ratings reflects Moody’s current outlook on Ukraine’s sovereign rating.     


2013-03-27 09:30