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S&P rates MV24 Capital’s planned $1.1 billion notes
S&P said it rated MV24 Capital BV’s offering of up to $1.1 billion of senior secured notes due 2034 BB with a recovery rating of 2.
The outlook is stable.
The rating includes the loan MV24 made to Cernambi Sul MV24 BV, which is the underlying asset, an oil vessel, the agency said.
The rating was capped at one notch above the rating on Petrobras, S&P said in a news release.
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