Fitch Ratings raised the long-term issuer default rating of Kernel on Monday, from B + to BB-, with a stable outlook. Kernel, the world’s largest sunflower producer, now has a rating two levels higher than the sovereign. In June, Kernel completed its fiscal year with a net profit of $189 million — 3.6 times more than in the previous fiscal year. Revenue increased by 66% – to $4 billion, and EBITDA – by 55%, to $346 million.
Fitch Ratings raised the long-term issuer default rating of Kernel on Monday, from B + to BB-
