Fitch Ratings affirms MHP’s long-term issuer default rating in foreign and national currencies at “B +” with a stable outlook.

“The Long-term Local Currency IDR of MHP SE at ‘B +’ reflects a growing share of profits outside the country, as well as a strong business profile of MHP with a reasonable scale and vertical integration, which leads to high operating profitability”, – stated in the message by Fitch on Friday. Fitch stressed that MHP has a strong business and financial profile, in line with its peers in the ‘BB’ rating category, but the operating environment in Ukraine limits its long-term IDR.