Standard&Poor’s has changed the rating forecast for Ferrexpo plc, owner of Poltava and Yeristovo GOKs, from Stable to Positive.
On December 29, 2017 S&P improved the group rating following the “high productivity” shown lately.
The agency has also confirmed Ferrexpo’s long-term rating at B-.
The rating improvement is the result of the stable iron ore market, which presupposes another strong year for Ferrexpo.
In January-November 2017 the group exported 9.4 million tons of pellets. (Ukrainian metal)