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12 May
14:52

Habas HRC production seen rising after 'challenging' 2015

Fitch expects Turkish industrial gases, power and steel producer Habas' strong cash balances to continue to offset its current elevated debt levels, the rating agency says in a note sent to Kallanish. Fitch has thus affirmed the long-term foreign currency and local currency issuer default ratings of Habas at "B+" and its national long-term rating at "A(tur)", while the outlook remains stable. The steelmaker’s funds from…
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