Fitch rates Avangardco B

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

The outlook is stable.

The ratings reflect its average business risks and concentration on one product line, which is poultry and eggs, Fitch said.

This factor is mitigated by the opportunities derived from increasing market shares in the Ukrainian industrial eggs market, considering the high market fragmentation and from export markets, the agency said.

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