Moreover the cross default provision included in a recent EPIF
bond sets an incentive to financially support EP Energy, its 100%-owned material subsidiary, and adds to the strength of the legal ties between the two entities in line with Fitch's Parent and Subsidiary Rating Linkage criteria.
This edition of EPIF
revolves around the theme - "Green Productivity for Sustainable Energy and Environment" with a parallel International Conference on the theme.
Stronger Parent: EPIF
's IDR is supported by the regulated and long-term contracted nature of the group's businesses, which include gas transmission, gas and electricity distribution and gas storage in Slovakia, as well as heat infrastructure in the Czech Republic.
The notes are rated at the same level as EPIF
's Long-Term Issuer Default Rating (IDR), reflecting their average recovery prospects and limited prospective subordination to debt at operating level.
New Delhi, July 12 (ANI): Union Commerce and Industry Minister Anand Sharma is scheduled to launch the Eco-Products International Fair (EPIF
) 2011 here on Wednesday.
Milan/London: Fitch Ratings has assigned EP Infrastructure, a.s.'s (EPIF
) EUR750 million 1.659% senior unsecured notes due on 26 April 2024 a final 'BBB-' rating.
Securities and Exchange Commission, assigned EP Infrastructure's (EPIF
) proposed notes an expected senior unsecured rating of 'BBB-(EXP)'.