Almost bankrupt: Fitch downgraded the rating of Akhmetov’s main company
Kyiv, March 17 (PolitNavigator, Vasily Ablyazimov) – The international rating agency Fitch Ratings has increased the level of probability of default of the largest company of the Ukrainian billionaire Rinat Akhmetov, the energy holding DTEK.
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The international rating agency Fitch Ratings has downgraded the long-term issuer default ratings in foreign and national currencies of the DTEK energy holding to level “C” from “CCC”, reports Interfax-Ukraine.
As reported in the agency's press release, the rating is due to the risk of default threatening the company due to the weak level of its liquidity. Let us recall that the basis of DTEK is several regional power companies and control over a number of thermal power plants and thermal power plants in Ukraine, as well as government subsidies in the field of electricity production and coal mining for thermal power plants.
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