Russian Financial Control Monitor

MOSCOW. Fitch Ratings said it has placed Russia’s largest diamond miner Alrosa's BB- long-term foreign currency Issuer Default Rating (IDR), B short-term IDR and BB- foreign currency senior unsecured rating on Rating Watch Positive (RWP). The rating actions follow the company's expected sale of its 100% interest in Geotransgaz and Urengoy Gas Company. If the transaction closes as expected, Fitch would expect to upgrade Alrosa by one notch.

MOSCOW. Sberbank has opened a RUR11bn ($340mn, or €257.5mn) non-revolving credit line for Uralchem, a major Russian producer of mineral fertilisers, under the guarantee of its subsidiary, Mineral Fertilisers, the latter said in a statement. The deal was signed on July 23, 2013. The agreement is valid until July 21, 2019.

2023-10-08 11:42:18