Fitch assigns B+ to Kouti loan

Fitch Ratings said it assigned Kouti BV's upcoming additional €350 million term loan B an expected senior secured BB+ rating with an RR3 recovery rating. Kouti is a direct subsidiary of Titan Holdings II BV (Eviosys).

The agency also affirmed Kouti’s €1.18 billion floating-rate loan due in August of 2028 at B+/RR3 and Eviosys' long-term issuer default ratings at B with a positive outlook.

The proceeds will be used for general corporate purposes, including payment of dividends to the group’s shareholders.

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