Fitch gives Minerva notes BB

Fitch Ratings said it gave a BB rating to the proposed sale of global notes due 2031 of about $1 billion by Minerva Luxembourg SA. Parent Minerva SA will the notes.

“Minerva’s ratings reflect the company’s solid profitability, strong position in the export market and healthy liquidity position,” Fitch said in a press release.

Minerva Luxembourg’s other senior unsecured noted are rated BB.

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