Fitch Ratings has affirmed the long-term Foreign and local currency Issuer Default Rating (IDR) of Bulgarian Energy Holding (BEH) at BB-, while revising the outlook to stable from negative. The outlook revision reflects BEH’s improved liquidity position following the company’s recent five-year 550 million euros bond issue, which allowed BEH to refinance most of its […]
Rating company Moody’s has assigned a definitive Ba1 corporate family rating (CFR) with stable outlook and a probability of a default rating (PDR) of Ba1-PD to Bulgarian Energy Holding (BEH). Moody’s also assigned a definitive Ba2 rating to BEH’s recent placement of 550 million euros worth five-year senior unsecured bonds, which bear an annual coupon […]
Rating company Standard & Poor’s has upgraded the long-term corporate credit rating for Hungarian oil and gas company MOL from BB to BB+ with stable outlook. The statement following the upgrade said that it primary reflects the expectations that MOL’s credit metrics will be stronger than anticipated due to the better performance of downstream division. […]