Russian Financial Control Monitor

MOSCOW. EuroChem's consolidated net profit contracted to RUR4.8bn ($145.45mn, or €109.46mn) in the first quarter due to non-monetary loss as a result of revaluation of the group's dollar-denominated debt after the rouble weakened against the dollar. Consolidated revenues for the period amounted to RUR46.7bn, up 30% year on year, and earnings before interest, tax, depreciation and amortisation (EBITDA) grew 9% to RUR12.4bn.

MOSCOW. Fitch Ratings said it has affirmed Russia’s long-term foreign and local currency Issuer Default Ratings (IDR) at BBB with stable outlook. The agency also affirmed the country’s short-term rating at F3 and the country ceiling at BBB+. One of the reasons for the affirmation is that Russia has strong sovereign and external balance sheets.

2023-10-08 11:42:18