Contact us (+ 7 (921) 446-25-10)
×
Texting is available for authorized users.
Please register or log in at the website.
×
Your request for online training has been sent. Cbonds managers will be in touch with you shortly. Thank you!

Concorde Capital Research: Moody’s upgrades MHP rating to B3/Stable

January 03, 2019 | Cbonds

Moody's Investors Service upgraded the corporate family ratings of MHP (MHPSA) to B3 with a stable outlook, the agency reported on Dec. 27. The rating is one notch above Ukraine’s sovereign. The agency noted that MHP’s business profile and financial metrics are strong for a B3 rating, but the company is exposed to an overall risky environment in Ukraine, where its key assets are located. On the other hand, the company’s strong export revenue partially offsets these risks.

Andriy Perederey: We agree with Moody’s that MHP has strong operating and financial metrics. Also, we expect the company’s EBITDA improvement in 2018. We do not expect the rating upgrade will have any impact on MHP’s Eurobonds, which already trade with the biggest negative spread to sovereign curve of all Ukrainian issuers.

Issue: MHP SE, 6.95% 3apr2026, USD

StatusCountry of riskMaturity (option)AmountIssue ratings (M/S&P/F)
outstandingUkraine04/03/2026550,000,000 USD-/B/B+

Company: Concorde Capital

Full company nameConcorde Capital
Country of riskUkraine
IndustryFinancial institutions

Share:

Similar news:
minimizeexpand
Cbonds is a global fixed income data platform
  • Cbonds is a global data platform on bond market
  • Coverage: more than 170 countries and 250,000 domestic and international bonds
  • Various ways to get data: descriptive data and bond prices - website, xls add-in, mobile app
  • Analytical functionality: bond market screener, Watchlist, market maps and other tools
×