OREANDA-NEWS. September 18, 2015. In a press release issued today, Fitch Ratings affirmed Long-term foreign currency IDR of Kernel Holding S.A. at ‘CCC’, noting that Kernel’s IDR remains constrained by Ukraine’s Country Ceiling. ‘Absent the current Country Ceiling constraint, the business and financial profile of Kernel would allow its ratings to return to the 'B' category’, Fitch noted in the press-release.

Fitch also upgraded Kernel’s National Long-term rating to ‘A-(ukr)’, assigning the National rating a ‘Stable’ Outlook.

For a full text of the press release related to the rating update, please refer to the following link: Fitch Affirms Ukraine’s Kernel at ‘CCC’. The definition of capitalized terms and applicable research criteria can be accessed at Fitch’s Corporate Rating Methodology.