S&P gave a “BB+” preliminary rating, one notch below Hungaryʼs sovereign credit rating while Fitch Ratings gave a “BBB-”, one step above the sovereign credit rating.
S&P noted that they were assuming new bonds would be issued under the same circumstances as older MOL bonds already on the market.
Standard and Poorʼs expects MOL to refinance €750 million of bonds maturing in 2017 with the new issue.
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