Russia: Fitch improves outlook on ratings of Koks Group
International rating agency Fitch has improved its outlook on ratings of the Russian pig iron producer Koks Group to Stable from Negative as liquidity risks have shrunk after the placement of $500 million worth of 2022 bonds at 7.75%, the agency said. “At end-May the Fitch-calculated liquidity ratio improved to well above 2x, a level…