OREANDA-NEWS. November 27, 2009. Fitch, the international rating agency, confirmed a long-term Myronivsky Hliboproduct < MHPC LI BUY > Issue Default Rating (IDR) in both foreign and national currencies at ‘B-‘.The Rating outlook is Negative. At the same time, the agency upgraded the National long-term rating of MHP from ‘A-(ukr)' to ‘AA(ukr)'.

Millennium Capital sees the news to be positive for MHP, since this confirmation of the MHP rating is proof of the fact that the Company operations are quite alright, and that the Company is capable of redeeming their debt obligations regardless of the current political risks in Ukraine. Therefore, Millennium Capital maintain our BUY recommendation on the Company stocks.