S&P Global Ratings assigned its preliminary ‘B’ long-term corporate credit rating to Kernel Holding S.A. (Kernel), a Ukraine-based producer and exporter of sunflower oil and grains. The outlook is stable, S&P said in a press release.
S&P assigned its preliminary ‘B’ ratings to Kernel and its proposed U.S. dollar-denominated eurobond.
Final ratings will depend on the receipt and satisfactory review of all final transaction documentation.
Kernel is the world’s largest producer and exporter of sunflower oil. It is the leading manufacturer and supplier of agricultural products from the Black Sea region to world markets.
Kernel’s share of the world’s sunflower oil production is about 8%. (Interfax/Business World Magazine)
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