LONDON, April 30 - Fitch Ratings has assigned DTEK Finance B.V.'s $500 million 9.5% five-year eurobond issue a foreign currency senior unsecured rating of 'B-' with a Recovery Rating of 'RR4'.
The agency said in a statement: "DTEK Finance B.V. is a finance vehicle for DTEK Holdings B.V., the Dutch ultimate holding company for the DTEK group, which consists of operating companies in the coal mining and power sector in Ukraine. At an intermediate level these operating companies are owned by a Cyprus-registered holding company, DTEK Holdings Ltd., which is rated Long-term Issuer Default Rating (IDR) 'B-' with a Stable Outlook.
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