Ukraine: Fitch ups Zhevago’s company ratings
Fitch has increased the long-term rating of Ferrexpo plc (UK), which controls Poltava and Yeristovo Mining and Processing Works, from CCC to CC. The agency has also confirmed the company short-term rating on the C level. Rating increase is explained by the Ferrexpo liquidity improvement due to higher iron ore prices in H1 (on average…