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Fitch rates ZKM Gdansk bond BBB
Fitch Ratings said it assigned Zaklad Komunikacji Miejskiej w Gdansku Sp. zoo's (ZKM Gdansk) PLN 13.46 million revenue bond issue due Dec. 30, 2024 an expected long-term local currency rating of BBB and an expected national long-term rating of A+(pol).
The floating interest revenue bonds have been issued under a PLN 220 million tram revenue bond program, the agency said.
ZKM Gdansk is 100% owned by the City of Gdansk (BBB+/stable), Fitch noted.
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