Fitch gives Odebrecht notes BBB

Fitch Ratings said it assigned a BBB rating to the $1.69 billion senior secured notes series 2013-1issued by Odebrecht Offshore Drilling Finance Ltd.

Fitch said its rating addresses the likelihood of timely payment of interest and principal on a quarterly basis, including the potential for two quarterly payment deferrals. Expected maturity is October 2022, with legal final maturity 12 months later.

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