Fitch rates Agribusiness B

Fitch Ratings said it assigned long-term foreign- and local-currency issuer default ratings of B to Agribusiness Holding Miratorg.

The outlook is stable.

The ratings reflect its average business risks and concentration on one main product line - pork, Fitch said.

However, the group benefits from its leading market positions as importer and producer of pork in the Russian Federation and other protein sources under support from the Russian government, the agency said.

The ratings also reflect the execution risk in the completion of new projects for poultry and beef, Fitch added.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.