Fitch Ratings has assigned Kernel Holding S.A.’s planned benchmark USD unsecured eurobond an expected rating of ‘B+(EXP)’, Fitch said in a press release.
Fitch Ratings has placed Kernel’s Long-Term Local-Currency (LC) and Foreign-Currency (FC) Issuer Default Ratings (IDRs) on Rating Watch Positive (RWP).
The final ratings of the bonds are contingent upon receipt of final documents conforming to the information already received by Fitch.
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)
