KERNEL HOLDING S.A.: FITCH AFFIRMED KERNEL RATING AT 'CCC' ON SOVEREIGN ACTION

opublikowano: 2014-08-29 17:53

Spis treści:

1. REPORT

2. INFORMATION ABOUT THE ENTITY

3. SIGNATURE OF PERSONS REPRESENTING THE COMPANY

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

KERNEL HOLDING S.A.
(fullname of the issuer)
KERNEL HOLDING S.A. Spożywczy (spo)
(short name of the issuer) (sector according to clasification
of the WSE in Warsow)
L-1331 Luksemburg
(post code) (city)
rue de Bitbourg 19
(street) (number)
(phone number) (fax)
(e-mail) (web site)
(NIP) (REGON)

SIGNATURE OF PERSONS REPRESENTING THE COMPANY
Date Name Position / Function Signature
2014-08-29 A.Usachova, Y.Kovalchuk Directors