MOSCOW, RUSSIA: Public Joint Stock Company “Inter RAO UES” (“Inter RAO”, “Company”, ticker on MOEX: IRAO), the largest diversified utilities holding in Russia, announced that on March 04, 2022 independent rating agency Fitch Ratings (Fitch Ratings CIS Ltd.) has changed corporate credit rating of PJSC “Inter RAO” from ‘BBB’ with the “stable” outlook to ‘B’ with the “negative”…
Tag: Fitch Ratings
Fitch upgrades Halyk Bank to ‘BBB-‘ from ‘BB+’; outlook stable
LONDON: Fitch Ratings has upgraded Halyk Bank’s Long-Term Issuer Default Ratings (IDR) to ‘BBB-‘ from ‘BB+’, the outlook is Stable. As a result, the Bank’s rating was upgraded from speculative to investment grade. For the first time in the history of the country, a private commercial bank in Kazakhstan received an investment grade rating from…
Fitch takes rating action on four Indian NBFIs following pandemic
SINGAPORE: Fitch Ratings has taken rating action on the Long-Term Issuer Default Ratings (IDR) of four Indian non-bank financial institutions (NBFI) in light of the companies’ performance amid the coronavirus pandemic. The rating actions are as follows: · IIFL Finance Limited ‘B+’ rating maintained on Rating Watch Negative (RWN) · Manappuram Finance Limited (MFIN), affirmed at ‘BB-‘;…
Fitch affirms Peru LNG at BB-; assigns negative outlook
CHICAGO: Fitch Ratings has affirmed Peru LNG S.R.L’s (PLNG) Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at ‘BB-‘. The Rating Watch Negative has been removed, and a Negative Outlook has been assigned. The rating also includes PLNG’s USD940 million senior unsecured notes due 2030. PLNG’s Ratings and Negative Outlook reflects weaker operational performance…
Fitch Ratings affirms PhosAgro’s investment grade credit rating of BBB-/Stable
MOSCOW: PhosAgro, one of the world’s leading vertically-integrated phosphate-based fertilizer producers, announced that Fitch Ratings has affirmed its Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at BBB- with a Stable outlook. In its announcement, Fitch Ratings noted the sustainability of PhosAgro’s business and its competitive advantages, including low cash cost of production and its…
Fitch reaffirms GFH Financial Group’s long-and short-term issuer default rating
DUBAI: GFH Financial Group announced Fitch Ratings, the international credit rating agency, has reaffirmed the Group’s rating Long-and Short-Term Issuer Default Rating (IDR) at ‘B’ with the outlook on the Long-Term IDR as ‘Stable’. The reaffirmation of the Group’s ratings reported by Fitch takes into account the management’s strategic objective of reshaping GFH’s business model…