Fitch ups Polymetal view to stable

Fitch Ratings said it revised OJSC Polymetal's outlook to stable from negative, and affirmed its long-term foreign- and local-currency issuer default ratings at B, short-term foreign- and local-currency issuer default ratings at B and national long-term rating at BBB(rus).

The outlook revision reflects the refinancing actions taken by company management over the past six to nine months to extend and create a more balanced debt maturity profile, Fitch said.

Previously, the negative outlook reflected potential liquidity concerns, the agency said.

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