Fitch rates ThyssenKrupp bonds BBB+

Fitch Ratings said it assigned ThyssenKrupp Finance Nederland BV's €1.5 billion benchmark eurobonds a senior unsecured BBB+ rating and affirmed ThyssenKrupp AG's long-term issuer default rating at BBB+ and short-term issuer default rating at F2

The outlook is stable.

The issue rating reflects Thyssen Krupp's long-term issuer default rating, Fitch said. The bonds will be unconditionally and irrevocably guaranteed by Thyssen Krupp and include a change of control clause.

The proceeds will be used to refinance existing debt, the agency said, and to improve the group's financial flexibility and maturity profile.

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