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You're reading: Fitch ratings affirms Avangardco agroholding’s rating
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According to a Fitch report, Fitch has also affirmed Avangardco’s National Long-term Rating at ‘A+(ukr)’, foreign currency senior unsecured rating at ‘B’ and Recovery Rating at ‘RR4’. The Outlooks for the Long-term ratings are Stable.

Avangardco’s Long-term IDRs reflect its average business risks and concentration on one product line (primarily eggs and egg products) mitigated by partial vertical integration (mainly into fodder production).

However, the single business concentration is mitigated by opportunities derived from increasing market shares in the Ukrainian eggs market from household production, despite the high penetration of egg consumption per capita, and from export markets.

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