MOSCOW, RUSSIA: Metalloinvest, a number one global iron ore and HBI producer and supplier, and one of many regional producers of high-quality steel, today introduced that Fitch Ratings has downgraded the Company’s company rating to “CC” on March 11th.
According to Fitch’s statement, the rating actions reflect new restrictions that may impair the company’s ability to service debt and follow the agency’s downgrade of Russia’s sovereign rating to “C” on eight March 2022.
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