Fitch assigns negative view to LSR

Fitch Ratings said it affirmed OJSC LSR Group's long-term foreign-currency issuer default rating at B- and removed it from Rating Watch negative.

A negative outlook was assigned.

The ratings reflect the now less immediate risk of non-payment of a material debt obligation due to the company's success in signing new loan finance agreements over the course of 2009, Fitch said.

The company said it anticipates signing additional bank debt financing in the next two months, the agency added.

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