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Fitch Affirms Egypt at 'B'; Outlook Stable

(The following statement was released by the rating agency) HONG KONG, June 22 (Fitch) Fitch Ratings has affirmed Egypt's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'B' with a Stable Outlook. The issue ratings on Egypt's senior unsecured foreign- and local-currency bonds are also affirmed at 'B'. The Country Ceiling and the Short-Term Foreign- and Local-Currency IDRs are all affirmed at 'B'. KEY RATING DRIVERS Egypt's ratings balance a large fiscal deficit, a high gen

Fitch Rates Liquid Telecom IDR 'B+ (EXP)'; Outlook Stable

(The following statement was released by the rating agency) LONDON, June 22 (Fitch) Fitch Ratings has assigned Liquid Telecommunications Holdings Limited a Long-Term Issuer Default Rating (IDR) of 'B+ (EXP)'/Stable Outlook. Fitch has also assigned an instrument rating of 'B+ (EXP)'/'RR4' to the company's proposed new senior secured bond and term loans. Proceeds from the issuance will be used to refinance the current capital structure. The final IDR and debt instrument ratings will be contingent

Fitch Affirms Arcelik at 'BB+', Outlook Stable

(The following statement was released by the rating agency) BARCELONA/LONDON, June 22 (Fitch) Fitch Ratings has affirmed Arcelik A.S.'s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BB+' and National Long-Term rating at 'AA(tur)'. The Outlooks are Stable. Fitch has also affirmed Arcelik's senior unsecured rating at 'BB+'. The affirmation reflects Fitch's expectation that Arcelik will maintain FFO adjusted net leverage below 1.5x in the medium term despite increased expa

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