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Published on 9/15/2010 in the Prospect News Convertibles Daily and Prospect News High Yield Daily.

DBRS gives Armtec notes BB

DBRS said it has assigned a BB rating with a stable trend to the senior unsecured notes issued by Armtec Holdings Ltd.

The $150 million of 8.875% notes mature in 2017, will be direct senior unsecured obligations of Armtec and will rank pari passu with all of the company's other present and future senior unsecured indebtedness, the agency said.


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