Fitch confirmed the rating of FESCO on the level of “RD”




Fitch Ratings June 5, 2017, affirmed the long-term Issuer default rating of PJSC “far East sea shipping company” in foreign and national currency at the level of “RD” (restricted default). Senior unsecured local currency rating was affirmed at “C”out of recovery “RR6”.

“Confirmation IDR at’ RD ‘ reflects the ongoing DVMP negotiations with bondholders on the restructuring of the liabilities of the company. A rating of “RD” will be revised once negotiations are completed with bondholders to reflect the appropriate IDRs for the capital structure of the Issuer after the restructuring, its risk profile and prospects of the relevant according to our methodology” – it is told in the Agency message.



Fitch confirmed the rating of FESCO on the level of “RD” 06.06.2017

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