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S&P ups Praha Finance bonds
Standard & Poor's said it raised to A from A-its credit rating on the CSK3.75 billion fixed-rate bonds issued by Praha Finance BV.
The agency said it raised the rating after the rating on the underlying obligor was also raised.
The underlying obligor provides collateral to the transaction and its long-term rating acts as a supporting rating to the Praha Finance notes, S&P added.
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