Kernel Holding SA (KER) komunikat - FITCH DOWNGRADES KERNEL RATING TO ‘B-’ ON SOVEREIGN ACTION

POLISH FINANCIAL SUPERVISION AUTHORITY
		UNI - EN REPORT No		37	/	2013
Date of issue:	2013-11-12
Short name of the issuer
KERNEL HOLDING S.A.
Subject
FITCH DOWNGRADES KERNEL RATING TO ‘B-’ 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 dated November 12, 2013, Fitch Ratings downgraded the ratings of eleven Ukrainian corporates, including Kernel Holding S.A., following the agency’s recent downgrade of Ukraine’s sovereign rating. Kernel Holding S.A.’s Foreign Currency IDR was aligned with Ukraine’s sovereign and Country’s Ceiling of 'B-' (from 'B') and its Local Currency IDR was downgraded to 'B' from 'B+' with a Negative Outlook. The National Rating has been affirmed at 'AA+(ukr)'. For a full text of the press release related to the rating update, please refer to the following link: Fitch Downgrades Ukrainian Corporates on Sovereign Action (http://www.fitchratings.com/creditdesk/press_releases/detail.cfm?pr_id=807730). 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=684460).
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

(street)

(number)

(phone number)

(fax)

(e-mail)

(web site)

(NIP)

(REGON)

SIGNATURE OF PERSONS REPRESENTING THE COMPANY
Date	Name	Position / Function	Signature
2013-11-12	A.Usachova, Y.Kovalchuk	Directors

Konta:	Konta osobiste Konta młodzieżowe Konta firmowe Konta walutowe
Kredyty:	Kredyty gotówkowe Kredyty mieszkaniowe Kredyty z dopłatą Kredyty dla firm

Kernel Holding SA
FITCH DOWNGRADES KERNEL RATING TO ‘B-’ ON SOVEREIGN ACTION