Contact us (+ 7 (921) 446-25-10)
×
Texting is available for authorized users.
Please register or log in at the website.
×
Your request for online training is sent. Cbonds managers will be in touch with you shortly. Thank you!

Concorde Capital Research: Moody’s upgrades MHP, Metinvest and Ferrexpo ratings to Caa1

August 31, 2017 | Cbonds

Moody's Investors Service upgraded the corporate family ratings of MHP (MHPSA), Metinvest (METINV) and Ferrexpo (FXPOLN) to Caa1, which is one notch above Ukraine’s sovereign rating, the agency reported on Aug. 29. The ratings were upgraded to the country issuer ceiling after it was increased on Aug. 25.

Moody's also upgraded to positive the rating outlook for Metinvest and MHP (from neutral), while retaining its neutral outlook for Ferrexpo, highlighting the latter’s refinancing risk amid large debts due in 2018-2019 (USD 485 mln).

Alexander Paraschiy: Moody’s action is in line with our view that Metinvest's risk profile is smaller than for Ferrexpo (refer to our note of Apr. 26), given the former’s better product diversification and more extended debt repayment schedule. This confirms our bullish view on Metinvest bonds, as well as neutral view on the bonds of MHP (which trade within the sovereign curve) and Ferrexpo.


Share:

Similar news:
minimizeexpand
150 000
issues: local and international bonds
170
countries
+7 812 336 97 21
pro@cbonds.info
150 000
issues: local and international bonds
170
countries
Сbonds is a global Fixed income data platform
+7 812 336 97 21
pro@cbonds.info
Data
  • Descriptive data on bonds
  • Bond Quotes from trading systems and market participants
  • Prospectuses and other issue documents
  • Credit ratings
  • Indices and indicators
  • Market news and analytical research
Analytical instruments
  • Multi-parameter bond database search
  • Bond Maps
  • Market calendar
  • Bond calculator
  • Watchlist and Portfolio management
  • Chart analysis
  • Mobile App and Excel Add-in Tool
Enter or RegisterSubscription/Trial access