13 July 2020

Fitch Affirmed TMH’s IDR At ‘BB’2

Fitch Ratings has affirmed Transmashholding’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at ‘BB’ with a Stable Outlook. Among the factors that influenced the affirmation, Fitch mentions the group's leading market position, good and long-term relationship with key customers, and moderate leverage metrics. The agency expects sustainable operating performance with moderate influence from the COVID-19 pandemic. From the summary: “The Stable Outlook reflects our expec

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