Fitch affirms Sitronics

Fitch Ratings said it affirmed JSC Sitronics' long-term foreign currency issuer default rating at B- with a negative outlook and affirmed Sitronics' senior unsecured foreign currency rating at B-.

The agency also affirmed its long-term local currency IDR at B- with a negative outlook, its senior unsecured local currency rating at B-, national long-term rating at BB-(rus) with a negative outlook and national senior unsecured rating at BB-(rus).

Fitch said the affirmation reflects the tangible support from Sitronics' parent, JSFC Sistema (BB-, stable), and its material financial exposure to this subsidiary.

© 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.