Fitch lowered outlook for 5 Ukrainian Agrarian Holdings
2013-07-04 15:36:29
According to the report released by International Rating Agency Fitch, outlook for Ukraine was lowered from “stable” down to “negative”. As the result ratings for 10 major Ukrainian companies were lowered. Out of these 10, 5 were major Ukrainian holdings and 4 are traded on foreign stock exchanges and are included in UAIndex. Holdings were Ukrlandfarming PLC, MHP SA, Kernel Holding SA, Avangardco Investmente Plc, and Mriya Agro Holding PLC.
UkrAgroConsult comment: Lack of financing that Ukrainian holdings have been experiencing over the past 6 months will continue until the end of the year. Funding will become even more scarce and companies are too focus on cost minimization and maximizing effectiveness of ongoing operations.