Fitch Teleconf: Credit Rating Differentials for Brazilian & Russian Steel Companies, 11/5, 9 a.m. ET

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.'

Additional information is available at 'www.fitchratings.com'.

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.

Fitch Ratings, New York
Brian Bertsch, +1-212-908-0549
brian.bertsch@fitchratings.com