KERNEL HOLDING S.A. 21 November 2016
FITCH UPGRADES KERNEL'S ISSUER DEFAULT RATING ON SOVEREIGN ACTION
On 17 November 2016 Fitch Ratings upgraded Long-Term Local Currency IDR of Kernel Holding S.A. to 'B', one notch above the Sovereign, reflecting Kernel's export-oriented business model and limited reliance on Ukrainian banking system.
In addition, Kernel's Long-Term Foreign Currency IDR remains constrained by Ukraine's Country Ceiling of 'B-'.
Fitch also affirms Kernel's National Long-Term Rating at 'AA+ (ukr)', with a 'Stable' National rating Outlook.
For a full text of the press release related to the rating update, please refer to the following link: Fitch Upgrades Ukraine's Kernel on Sovereign Action. The definition of capitalized terms and applicable research criteria can be accessed at Fitch's Corporate Rating Methodology.
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Kernel Holding SA published this content on 21 November 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 21 November 2016 18:52:19 UTC.
Original documenthttp://www.kernel.ua/en/news/253/
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