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Fitch Affirms Seven and Seven Ltd; Outlook Stable

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed Seven and Seven Ltd. as follows: --$112,725,000 floating rate guaranteed notes due 2019 at 'AA-sf'; Outlook Stable. The note proceeds were used to fund a portion of a loan made to a group of 18 borrowers under a loan agreement with Scorpio Tankers, Inc., as guarantor of the loan, the issuer, the Export-Import Bank of Korea (KEXIM; Issuer Default Rating [IDR] 'AA-'/Outlook Stable/'F1+'), and certain other financial institutions. The loan was

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