Fitch affirms Miejskie Przedsiebiorstwo Komunikacyjne

Fitch Ratings said it affirmed Miejskie Przedsiebiorstwo Komunikacyjne - Lodz Sp zoo's 151.6 million in Polish zloty secured revenue bond at long-term local-currency at BBB-, following news reports about an investigation of its chief executive officer.

The reported investigation will not negatively impact the revenue bond program, whose risk characteristics have not changed, Fitch said.

The revenue bond rating is based on the strong support from the City of Lodz, which is rated BBB+/AA-(pol) with stable view for the program and the high liquidity of the program, the agency said.

© 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.