Fitch gives DTEK Eurobonds expected ‘B-’ rating

Fitch Ratings, in a statement on Friday, said that it assigned DTEK Finance’s prospective Eurobond issue an expected foreign currency senior unsecured rating of ‘B-‘. DTEK finance is a financial vehicle of DTEK Holdings, which controls the coal mining and energy assets of System Capital Management, Ukraine’s largest company. DTEK Holdings carries a Fitch long-term foreign currency issuer default rating of ‘B-’ with a stable outlook. DTEK announced last week that it planned to make a USD-denominated Eurobond issue.