Fitch affirms Sinek

Fitch Ratings said it affirmed Tatarstan government-owned investment holding company OAO Svyazinvestneftekhim's (Sinek) long-term foreign- and local-currency issuer default ratings at BBB- and its short-term foreign-currency issuer default rating at F3.

The outlook on the long-term issuer default ratings is stable.

Fitch also affirmed the BBB- foreign-currency senior unsecured rating of Edel Capital SA's $250 million loan participation notes due 2015. The notes are guaranteed by Sinek and the Republic of Tatarstan (BBB-/stable).

© 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.