Fitch rates ZKM Gdansk

Fitch Ratings said it assigned Zaklad Komunikacji Miejskiej w Gdansku Sp. z o.o. a long-term local-currency rating of BBB- and a national long-term rating of A(pol).

The outlook is stable.

Fitch also assigned ZKM Gdansk's PLN 220 million tram revenue bond program and PLN 60 million bus revenue program a long-term local-currency rating of BBB and national long-term rating of A+(pol), its outstanding PLN 49.23 million tram revenue bonds and outstanding PLN 41.02 million bus revenue bonds a long-term local-currency rating of BBB and national long-term rating of A+(pol) and its planned PLN 47.19 million tram revenue bonds a long-term local-currency rating of BBB and a national long-term rating of A+(pol).

ZKM Gdansk is 100%-owned by the city of Gdansk (BBB+/stable).

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