Fitch Withdraws Touax, SCA's 'BB-(EXP)' Ratings

April 8, 2015 2:46 PM

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(The following statement was released by the rating agency) LONDON, April 08 (Fitch) Fitch Ratings has withdrawn Touax SCA's (Touax) expected Long-term Issuer Default Rating and expected long-term senior secured notes rating of 'BB-(EXP)'.

The Outlook on the IDR was Stable prior to withdrawal. The ratings have been withdrawn after Touax has decided not to proceed with the senior secured notes offering and to continue using other available financing options. Fitch will no longer provide ratings or rating coverage for Touax. Contact: Pr...

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