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Published on 5/25/2011 in the Prospect News Emerging Markets Daily.

Fitch: Old Mutual notes BBB-

Fitch Ratings said it assigned Old Mutual plc's proposed issuance of dated tier 2 notes an expected BBB- rating.

The proposed new issue is classified as lower tier 2 notes for regulatory purposes, will have a maturity of 10 years and will pay a fixed coupon until maturity, the agency said.


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