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    Fitch Expects to Rate Schahin II Finance Company (SPV) Ltd. Notes 'BBB-(EXP ...

    18.05.12

    SAO PAULO, Mar 07, 2012 (BUSINESS WIRE) -- Fitch Ratings expects to assign the following rating to the proposed issuance of notes by Schahin II Finance Company (SPV) Ltd. (the Issuer), a company setup in the Cayman Islands (Cayman):

    --USD730 million senior secured notes, 'BBB-(EXP)'; Outlook Stable.

    Fitch's expected rating addresses the likelihood of timely payment of interest on a semi-annual basis and the ultimate payment of principal by legal final maturity in September 2023. This expected rating does not incorporate Fitch's full legal analysis as this process is currently ongoing.


    Source: MarketWatch (press release)