E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 3/11/2013 in the Prospect News Emerging Markets Daily.

Fitch rates PrivatBank notes B

Fitch Ratings said it assigned UK SPV Credit Finance plc's $175 million issue of fixed-rate limited recourse notes a final long-term rating of B and a recovery rating of RR4.

The issue has a maturity date of Feb. 28, 2018 and a coupon rate of 10 7/8%.

The notes are to be used solely for financing a loan to PJSC CB PrivatBank.

The issue's long-term rating corresponds to PrivatBank's B/stable long-term foreign currency issuer default rating. The issue's recovery rating of RR4 reflects average recovery prospects for bondholders in case of default.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.