POLISH FINANCIAL SUPERVISION AUTHORITY
UNI - EN REPORT No33/2016
Date of issue:2016-11-21
Short name of the issuer
KERNEL HOLDING S.A.
Subject
FITCH UPGRADES KERNEL’S ISSUER DEFAULT RATING ON SOVEREIGN ACTION
Official market - legal basis
art. 56. 1. 2 of Act on Public Offering.
Unofficial market - legal basis
Contents of the report:
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. Source:https://www.fitchratings.com/site/pr/1014925
Annexes
FileDescription
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-1273Luksemburg
(post code)(city)
rue de Bitbourg19
(street)(number)
(phone number)(fax)
(e-mail)(web site)
(NIP)(REGON)
SIGNATURE OF PERSONS REPRESENTING THE COMPANY
DateNamePosition / FunctionSignature
2016-11-21Anastasiia Usachova, Yuriy KovalchukDirectors