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Prospect News home > News index > List of issuers K > Headlines for Kenbourne Invest SA > News item
Published on 4/2/2024 in the Prospect News Distressed Debt Daily and Prospect News Emerging Markets Daily.

Fitch downgrades WOM Mobile

Fitch Ratings said it downgraded WOM Mobile SA's long-term foreign and local currency issuer default ratings to D from CCC-. Fitch also lowered the unsecured U.S.-dollar-denominated bonds issued by Kenbourne Invest SA to C/RR5 from CCC-/RR4. WOM Mobile and its subsidiaries guarantee the bonds.

The rating actions follow the company's Chapter 11 bankruptcy protection filing on Monday, the agency said.


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