Fitch affirms Raspadskaya

Fitch Ratings said it has affirmed OJSC Raspadskaya's long-term foreign currency issuer default rating at B+ and national long-term rating at A(rus).

The outlooks are stable.

Simultaneously, Fitch said it has affirmed Raspadskaya's senior unsecured rating at B+ and short-term issuer default rating at B. The recovery rating on the senior unsecured debt is RR4.

The ratings reflect Fitch's opinion that, despite the current recession and mining industry downturn, Raspadskaya's credit profile will remain within the parameters of the current rating.

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