KERNEL HOLDING S.A. - FITCH AFFIRMED KERNEL RATING AT 'CCC' ON SOVEREIGN ACTION (22/2014)

KERNEL HOLDING S.A. - FITCH AFFIRMED KERNEL RATING AT 'CCC' ON SOVEREIGN ACTION (22/2014)

29.08.2014 | aktual.: 29.08.2014 18:03

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| | POLISH FINANCIAL SUPERVISION AUTHORITY | | | | | | | | | | |
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| | | | | UNI - EN REPORT No | 22 | / | 2014 | | | | |
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| | Date of issue: | 2014-08-29 | | | | | | | | | |
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| | Short name of the issuer | | | | | | | | | | |
| | KERNEL HOLDING S.A. | | | | | | | | | | |
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| | Subject | | | | | | | | | | |
| | FITCH AFFIRMED KERNEL RATING AT 'CCC' ON SOVEREIGN ACTION | | | | | | | | | | |
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| | Official market - legal basis | | | | | | | | | | |
| | Art. 56 ust. 1 pkt 1 Ustawy o ofercie - informacje poufne | | | | | | | | | | |
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| | Unofficial market - legal basis | | | | | | | | | | |
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| | 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). | | | | | | |
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| | Annexes | | | | | | | | | | |
| | File | Description | | | | | | | | | |
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REPORT
INFORMATION ABOUT THE ENTITY
SIGNATURE OF PERSONS REPRESENTING THE COMPANY

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)

REPORT
INFORMATION ABOUT THE ENTITY
SIGNATURE OF PERSONS REPRESENTING THE COMPANY

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

REPORT
INFORMATION ABOUT THE ENTITY
SIGNATURE OF PERSONS REPRESENTING THE COMPANY

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