OREANDA-NEWS. Fitch Ratings has today assigned MHP SA 's USD250 million 10,25% coupon paying senior notes maturing in 2011 a final senior unsecured "B" rating and a final Recovery Rating ("2RR") of "RR4".
 
This rating action follows a review of the final terms and conditions conforming to information already received when Fitch assigned the expected rating of "B" on 13 November 2006, as well as receipt of satisfactory legal opinions.

MHP SA intends to use the notes proceeds to finance a loan to Ukraine-based OJSC Myronivsky Hliboproduct ("OJSC MHP") and to initially six of its subsidiaries, by on lending to them through Cyprus- based special purpose vehicle Eledem Investments Limited. Eledem Investments Limited is a wholly-owned subsidiary of MHP SA.