Fitch rates Kazkommerts eurobond BB

Fitch Ratings said it assigned Kazkommerts International BV's new $1.5 billion guaranteed debt issuance program expected ratings of long-term BB, short-term B and a long-term BB rating to the upcoming debut 10-year issue.

Issuance under the program will be rated separately. The program provides for the issuance of structured (e.g. index-linked) notes, whose ratings may differ from those assigned to non-structured notes.

The terms of each issue of notes will state whether the issuer or noteholders have call or put options. No such options will apply to the upcoming debut issue.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.