Fitch upgrades ratings of two Ukrainian holding companies

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Ukrinform
The international agency Fitch Ratings has upgraded the Long-Term Foreign Currency Issuer Default Rating (IDR) of two Ukrainian holding companies from 'CCC' to 'B-', followed by Ukraine's upgrade in the ratings, according to the report published on the website of Fitch Ratings.

“Fitch Ratings has upgraded Kernel Holding S.A.'s and MHP S.A.'s Long-Term Foreign Currency Issuer Default Rating (IDR) to 'B-' from 'CCC',” the report states.

In particular, Kernel's Long-Term Foreign Currency IDR upgraded from 'CCC' to 'B-' with a stable outlook; Long-Term Local Currency IDR upgraded from 'B-' to 'B' with a stable outlook.

MHP's Long-Term Foreign Currency IDR upgraded from 'CCC' to 'B-' with a negative outlook; Long-Term Local Currency IDR upgraded from 'CCC' to 'B-' with a negative outlook.

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