OREANDA-NEWS. Fitch Ratings has upgraded Ferrexpo plc's (Ferrexpo) Long-Term Issuer Default Rating (IDR) and Ferrexpo Finance Plc's senior unsecured rating to 'CCC' from 'CC'. The Recovery Rating on the senior unsecured rating is 'RR4'. Ferrexpo's Short-term IDR has been affirmed at 'C'.