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S&P rates Rolls-Royce notes BB-
S&P said it gave its BB- issue rating and 3 recovery rating to the proposed senior unsecured notes to be issued by Rolls-Royce plc. The notes are on CreditWatch with negative implications along with the group’s other debt instruments.
“We expect Rolls-Royce to use the proceeds of its benchmark-sized bond to bolster liquidity and repay some debt maturing in the next 12 months,” S&P said in a press release.
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