OREANDA-NEWS. In a press release issued yesterday, Fitch Ratings reviewed ratings of seven Ukrainian corporates, including Kernel Holding S.A., following the agency's recent review of Ukraine's sovereign rating.

While the Long-term foreign currency IDRs of the corporates, including Kernel Holding S.A., have been affirmed at 'CCC', the agency downgraded the companies' Long-term local currency ratings to 'CCC' from 'B-'. Both ratings are in line with the Ukraine's sovereign ratings.