Fitch Ratings Hosts Teleconference on Rating Differentials for Brazilian and Russian Steel Companies

Fitch Ratings will host a teleconference on Wednesday, Nov. 4 at 9:00 a.m. ET (2 p.m. London time) to discuss key rating differentials for Brazilian and Russian steel companies and the outlook for both regions. The call coincides with the publication of a special report on this topic.

Fitch rates a number of steel companies in Brazil and Russia that share similar operational and financial characteristics but have vastly different credit ratings despite operating in countries with comparable sovereign ratings. The report and call analyze key components of credit risk for steel producers in these countries. Senior analysts from Fitch's Latin America and EMEA Corporate teams will provide and overview of the respective sectors, and Q&A will follow the opening remarks.

Call Details:

Dial-in (North America): +1-877-233-9813

Dial-in (EMEA / Americas): +1-706-679-8437

Conference ID: 40156273

Call Leader: Jay Djemal

A replay of the call will be available later in the day on Nov. 5, 2009 and accessible for two weeks. The replay can be accessed by dialing +1-800-642-1687 or +1-706-645-9291. (Replay ID is 40156273.)

The report 'Steel Companies in Brazil and Russia: Why the Rating Divergence' published Monday, Nov. 2 is available on the Fitch Ratings' web site 'www.fitchratings.com.'

Source: http://www.fitchratings.com/index_fitchratings.cfm

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