June 22 (Reuters) – Fitch Ratings said on Tuesday that a number of Russian companies may face debt restructuring problems in 2011-2012.
“The peak of credit taking came in 2008 and so the peak of refinancing falls in 2011-2012, and something will have to be done with the peak,” Nikolai Lukashevich, senior director and Fitch’s Head of Russian/CIS Corporates, said at a conference. “From the point of view of crisis impact, it cannot be said that the situation is fully resolved.”
(Reporting by Oksana Kobzeva; Writing by Lidia Kelly; Editing by Alfred Kueppers)