OREANDA-NEWS. December 11, 2009. Fitch rating agency withdrew TMM Long-term foreign and local currency Issuer Default Ratings (IDRs) of 'CC' and its National Long-term rating of 'B(ukr)'. The main reason of the rating withdrawal was lack of information disclosure needed to maintain the ratings.

Millennium Capital sees the news to be neutral for TMM, since the rating withdrawal does not mean any deterioration in TMM operational activity. Millennium Capital considers that in such a way TMM reduces its operational costs, related to quite low current sales of the Company due to low real estate market activities.