Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers N > Headlines for Novatek > News item |
Moody's: Novatek notes at Baa3
Moody's Investors Service said it assigned a definitive Baa3 rating to the $600 million of loan participation notes due 2016 and $650 million of loan participation notes due 2021 issued by Novatek Finance Ltd. for the purpose of financing loans to OAO Novatek (Baa3/stable).
The rating is in line with the provisional rating assigned on Jan. 18, Moody's said.
The proceeds of the notes will be on-lent to Novatek and will constitute general unsecured and unsubordinated obligations of Novatek.
The notes will rank senior to all present and future subordinated obligations of the company and equal in right of payment to all its present and future unsecured and unsubordinated obligations, the agency said.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.