| | POLISH FINANCIAL SUPERVISION AUTHORITY | |
| |
| | | UNI - EN REPORT No | 22 | / | 2014 |
| | |
| | Date of issue: | 2014-08-29 | | | | | | | | |
| | Short name of the issuer | | | | | | | |
| | KERNEL HOLDING S.A. | |
| | Subject | | | | | | | | | | |
| | FITCH AFFIRMED KERNEL RATING AT 'CCC' ON SOVEREIGN ACTION | |
| | Official market - legal basis | | | | | | |
| | Art. 56 ust. 1 pkt 1 Ustawy o ofercie - informacje poufne
| |
| | Unofficial market - legal basis | | | | | |
| | Contents of the report: | | | | | | | | |
| | In a press release issued yesterday, Fitch Ratings reviewed ratings of seven Ukrainian corporates, including Kernel Holding S.A., following the agency’s recent review of Ukraine’s sovereign rating. While the Long-term foreign currency IDRs of the corporates, including Kernel Holding S.A., have been affirmed at 'CCC', the agency downgraded the companies’ Long-term local currency ratings to 'CCC' from 'B-'. Both ratings are in line with the Ukraine’s sovereign ratings (see Fitch's criteria 'Rating Non-Financial Corporates above the Country Ceiling').
For a full text of the press release related to the rating update, please refer to the following link: Fitch Downgrades 7 Ukrainian Corporates on Sovereign Action (https://www.fitchratings.com/creditdesk/press_releases/detail.cfm?pr_id=859694). The definition of capitalized terms and applicable research criteria can be accessed at Fitch’s Corporate Rating Methodology (http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=715139).
| |
| | Annexes | | | | | | | | | | |
| | File | Description | |
