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Experts Fitch Ratings has published forecasts for the development of the mining and metallurgical industries for the CIS countries

25 January 2011
Experts Fitch Ratings has published forecasts for the development of the mining and metallurgical industries for the CIS countries

In

annual report of analysts international

rating Agency Fitch Ratings says

the figures of the previous year for

most mining and

metallurgical companies of the CIS countries in

the new year of 2011 will continue the positive

dynamics. Forecast for businesses

included in the Fitch rating is stable

for all issuers except three: «Interpipe

Limted», whose rating corresponds to the level of

«RD» of the group of companies «Evraz Group SA» (formerly

«Evraz») has

«Positive» and Magnitogorsk metallurgical industrial complex,

also observed a positive rating.

At

to experts of Fitch, the margin

these companies in the CIS will remain

at the level of «above average», because of

the dynamics of growth and already high prices

for raw materials on the world market.

Especially noticeable will be the impact of this

factor on the companies included in

a group of manufacturers of copper products

and companies of iron ore and coal

industry. However, a hindrance to

a more dynamic improvement of their financial

indicators can act quickly

progressive cost reduction

internal currency. In particular for Ukraine

and Russia (where, according to analysts

Fitch, inflation in the current year

would be 10.8% and 7.7%, respectively),

the depreciation of the ruble and the hryvnia in may

greatly increase the cost

the production process for all

enterprises, including companies operating

in metallurgical and mining

industries.

24 January 2011
26 January 2011