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Fitch rates Heathrow secured notes BB+
Fitch Ratings said it gave Heathrow Finance plc’s planned benchmark sale of £350 million of senior secured notes an expected BB+ rating.
“The new notes' rating is in line with that of Heathrow Finance's outstanding notes, as they constitute direct, unconditional, unsubordinated and secured obligations of the issuer and rank equally among themselves,” Fitch said in a statement.
Heathrow will use the proceeds for refinancing.
The outlook is stable.
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