OREANDA-NEWS. Fitch Ratings expects to withdraw its ratings of Findus Pledgeco S.a.r.l., Findus Bondco S.A. and Findus PIK S.C.A. after a 30-day period beginning today. Fitch will continue to maintain coverage of Findus prior to withdrawal.

Findus has chosen to stop participating in the rating process. Fitch reserves the right in its sole discretion to withdraw or maintain any rating at any time for any reason it deems sufficient. Fitch may elect to maintain coverage based on investor feedback. Fitch will only provide ratings where it has sufficient information to rate the issuer or transaction.

This advance notice is provided to permit further investor feedback to Fitch and for the benefit of users in managing their use of Fitch's ratings.

Fitch rates Findus as follows:

Findus Pledgeco S.a.r.l.
Long-term Issuer Default Rating (IDR): 'B-'; Rating Watch Evolving (RWE)

Findus Bondco S.A.
Senior secured: 'B+'; RWE

Findus PIK S.C.A.
Long-term IDR: 'CCC'; RWE
Senior PIK notes: 'CC'; RWE.