S&P gives Inkia notes BB-

S&P said it assigned its BB- debt rating to Inkia Energy Ltd.'s $450 million senior unsecured bullet notes due 2027.

The company will use the proceeds to repurchase its callable $450 million outstanding notes due 2021.

“The BB- rating on the proposed notes incorporates the structural subordination of Inkia's senior unsecured debt in relation to its subsidiaries' financial and operating obligations,” the agency said in a news release.

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