Fitch rates DTEK bonds B-

Fitch Ratings said it assigned an expected B- foreign-currency senior unsecured rating to DTEK Finance BV's prospective eurobond issue.

DTEK Finance is a finance vehicle for DTEK Holdings BV. At an intermediate level, the group's operating companies are owned by DTEK Holdings Ltd., which Fitch rates long-term foreign-currency issuer default rating B- with a stable outlook.

Proceeds from the bonds are expected to be used to refinance at least $130 million of short-term secured debt and for capital expenditure and general corporate purposes.

In 2009, DTEK had a Fitch-calculated net adjusted debt-to-operating EBITDAR ratio of 1.5 times.

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