OREANDA-NEWS. September 24, 2008. Fitch Ratings global rating agency upgraded the outlook of DTEK Holdings Limited (DTEK) rating from ‘Stable’ to ‘Positive’. The international long-term rating of the Company is maintained at ‘B+’ level, the international short-term rating at ‘B’ level, and the national long-term rating at ‘AA’ level.
 
An official statement from the rating agency pointed out that: ‘DTEK maintains stable financial performance in 2007 and in the first half of 2008’. Analysts at Fitch Ratings stated that ‘this stable financial growth will continue. DTEK remains one of the most efficient and cost-effective coal producers and power generators in Ukraine’.
 
The first rating was assigned to DTEK by the agency in the autumn of 2007 with an international long-term rating of ‘B+’, an international short-term rating of ‘B’, and a  national long-term rating of ‘АА-‘, with ‘stable’ outlook. In June 2008, Fitch Ratings assigned a ‘AA-’ rating to the domestic internal bonds of DTEK under its national scale.
 
‘The assessment of our performance by Fitch Ratings is one more solid recognition of DTEK’s successful development. Financial soundness is the keystone of a stable, reliable and dynamically growing business, and the foundation for the prosperity of the company as a whole and for the prosperity of each employee who makes his/her contribution to our common business every day’, said the CFO of DTEK, Yuriy Ryzhenkov.