Fitch: Koleje Mazowieckie off watch

Fitch Ratings said it has affirmed Koleje Mazowieckie - KM sp. zoo's long-term foreign and local currency issuer default ratings of BBB- and BBB, respectively, while its national long-term rating has been downgraded to A(pol) from A+(pol).

Subsidiary Koleje Mazowieckie Finance AB’s €100 million of senior unsecured notes due in 2016, which are guaranteed by Koleje Mazowieckie, has also been affirmed at BBB-, the agency said.

Fitch said it has removed the ratings from rating watch negative and assigned a negative outlook to the issuer ratings. The negative outlook reflects that on the ratings of Koleje Mazowieckie's sole owner, the Polish Region of Mazowieckie (BBB/negative).

The removal from watch reflects Fitch's expectations of stronger capability of support.

© 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.