Fitch Revises ZKM Gdansk's Outlook to Positive; Affirms at 'BBB'

March 24, 2016 12:52 PM

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(The following statement was released by the rating agency) WARSAW/LONDON/MOSCOW, March 24 (Fitch) Fitch Ratings has revised the Outlook on Poland-based Zaklad Komunikacji Miejskiej w Gdansku Sp. z o.o.'s (ZKM) Long-term local currency Issuer Default Rating (IDR) and National Long-term rating to Positive from Stable.

Fitch has affirmed the Long-term local currency IDR at ' BBB ' and the National Long-term rating at 'A+(pol)'. Fitch has also affirmed ZKM's PLN220m tram and PLN60m bus revenue bond programmes and their bonds' Long-term local currency ratings at 'BBB+' and National Long-term ratings at 'AA-(pol)'. K...

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