S&P: O1 Properties on watch

S&P said it placed its B long-term issuer credit rating on O1 Properties Ltd. on CreditWatch with negative implications.

S&P said it also put its B- issue ratings on the notes issued by O1 Properties Finance plc and O1 Properties Finance JSC on CreditWatch negative.

The CreditWatch follows the announcement by O1 Properties' parent company, O1 Group, of its intention to sell its controlling stake in O1 Properties to Laysa Group, large private outdoor advertising supplier to Russian Railways.

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