Fitch rates Intrum notes BB

Fitch Ratings said it assigned Intrum AB's proposed issue of €600 million of seven-year senior notes an expected rating of BB.

The rating is in line with Intrum's BB long-term issuer default rating, as the notes will represent unconditional and unsecured obligations of the company, the agency said.

It also reflects Fitch's expectation of average recovery prospects, given that Intrum's funding is largely unsecured, the agency added.

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