Kernel Holding SA (KER) komunikat - FITCH AFFIRMED KERNEL RATING AT 'CCC' ON SOVEREIGN ACTION

POLISH FINANCIAL SUPERVISION AUTHORITY
		UNI - EN REPORT No		22	/	2014
Date of issue:	2014-08-29
Short name of the issuer
KERNEL HOLDING S.A.
Subject
FITCH AFFIRMED KERNEL RATING AT 'CCC' 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 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).
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
2014-08-29	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 AFFIRMED KERNEL RATING AT 'CCC' ON SOVEREIGN ACTION