9 July 2010
Fitch Ratings moved the ratings of Ukrainian corporates up a level following its sovereign rating upgrade earlier this week. Metinvest’s long-term foreign and local currency issuer default ratings were upgraded from ‘B-’ to ‘B’ (stable outlook), DTEK’s long-term foreign and local currency issuer default ratings were upgraded from ‘B-’ to ‘B’ (stable outlook), Azovstal’s long-term foreign and local currency IDRs were upgraded from ‘B-’ to ‘B’ (stable outlook), MHP S.A.’s long-term foreign currency IDR was upgraded from ‘B-’ to ‘B’. Fitch affirmed Naftogaz of Ukraine’s long-term foreign and local currency IDRs at ‘CCC,’ and withdrew the negative outlook.