Fitch studies four issuers

Fitch Ratings said it placed four corporate issuers on under criteria observation (UCO) following the conversion of its exposure draft country-specific treatment of recovery ratings criteria to final criteria on March 3.

The issuers under observation are Silknet JSC, Otzel Holdings SPC Ltd. (Oman Telecommunications Co. SAOG), Arada Developments LLC and ContourGlobal Power Holdings SA.

“As these criteria do not affect issuer ratings the UCO assignment indicates that the existing instrument and/or recovery rating may change as a direct result of the final criteria. It does not indicate a change in the underlying credit profile, nor does it affect existing outlooks or rating watch statuses,” the agency said in a press release.

Fitch said it expects to complete its reviews within six months of March 3.

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