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Prospect News home > News index > List of issuers E > Headlines for EA Partners II BV > News item |
Fitch lifts EA Partners II notes to B
Fitch Ratings said it upgraded EA Partners II BV's senior secured $500 million 6¾% notes due 2021 to B from B-.
The outlook is stable and the recovery rating is RR4.
Fitch said the upgrade was driven by an improvement of the credit quality of the obligor with the weakest credit quality. EA Partners II on-lent the proceeds from the notes' issue to respective obligors. These notes are secured over assets that represent senior unsecured claims to the respective obligors.
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