Fitch rates DTEK bonds AA-(ukr)

Fitch Ratings said it assigned Donbass Fuel Energy Co. LLC's prospective Ukrainian hryvnia bond issue a national senior unsecured local-currency rating of AA-(minus)(ukr).

The issuer is a 100% subsidiary of DTEK Holding Ltd. (B+/stable) and controls all of the group's operating companies. The rating is in line with DTEK's national long-term rating of AA-(ukr).

Proceeds are expected to be used for capital expenditure and general corporate purposes.

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