RA S&P: Ukrainian Agribusiness UkrLandFarming PLC Rating Lowered To 'SD' Then Suspended On Insufficient Information

Standard & Poor's Rating Services today lowered its corporate credit rating on UkrLandFarming PLC to 'SD' (selective default) from 'CC'. We also lowered the issue rating on its senior unsecured notes to 'D' from 'CC'. We then suspended the ratings, due to lack of sufficient information. The downgrade of UkrLandFarming to 'SD' and the lowering of our issue rating to 'D' reflects that the company has defaulted on some of its credit facilities, including payment of interest due on March 26, 2016

Standard & Poor's Rating Services today lowered its corporate credit rating on UkrLandFarming PLC to 'SD'

(selective default) from 'CC'. We also lowered the issue rating on its senior unsecured notes to 'D' from 'CC'. We then suspended the ratings, due to lack of sufficient information.

The downgrade of UkrLandFarming to 'SD' and the lowering of our issue rating to 'D' reflects that the company has defaulted on some of its credit facilities, including payment of interest due on March 26, 2016, on $500

million notes maturing in 2018.

rating its ukrlandfarming lowered issue due from

2016-4-9 18:43

Источник: ru.cbonds.info

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