TEXT-Fitch: No rating impact on Continental from new agreement


(The following statement was released by the rating agency) Dec 21 - Fitch Ratings says Continental AG's (Continental) agreement with its lenders for a new loan facility has no impact on its Long-term Issuer Default Rating (IDR) and senior unsecured rating of 'B+', respectively, which the agency is maintaining on Rating Watch Negative (RWN). The Short-term IDR is 'B' and the Recovery Rating on senior unsecured debt is 'RR4'. The ratings were placed on RWN on 30 April 2009 to reflect ...

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