Fitch rates Agroton B-

Fitch Ratings said it assigned Agroton Public Ltd. long-term foreign- and local-currency issuer default ratings of B-, along with a national long-term rating of BBB(ukr).

The outlook is stable.

The ratings reflect Agroton's above-average business risks, due to the strong cyclicality and seasonality of agricultural commodities, its weak free cash flow profile and reliance on one geographical area in Ukraine, the agency said.

These factors are mitigated by the long-term growth prospects for the agricultural sector in Ukraine and Agroton's high output yields relative to peers and independent farmers, Fitch said.

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