Fitch: Agroton eurobond B-

Fitch Ratings said it assigned a final foreign-currency senior unsecured rating of B- with a recovery rating of RR4 to Agroton plc's $50 million eurobond due 2014.

The final ratings follows a review of documents that materially conform to information already received and matches the expected ratings assigned in May, Fitch said.

Although the note offering was decreased to $50 million from $100 million to $125 million and the tenor reduced from five years to three years, the recovery rating remains RR4.

This is due to the fact the recovery rating is capped at RR4 due to the Ukrainian jurisdiction of the surety providers, Fitch added.

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