Fitch ups Sibur view to positive

Fitch Ratings said it changed OJSC Sibur Holding's outlook to positive from stable. Its long- and short-term issuer default ratings have been affirmed at BB and B, respectively.

The outlook change partly reflects the company's better-than-expected operating performance during 2009 and the first half of 2010, which underlines the resilience of its business model in combination with timely measures by management to reduce costs and safeguard liquidity, Fitch said.

The outlook also reflects improved expectations for the current year, the agency said.

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