S&P rates Uber notes CCC+

S&P said it assigned its CCC+ issue-level and 5 recovery ratings to Uber Technologies Inc.'s new unsecured notes, the same as the ratings on the company's unsecured debt.

Uber plans to use the proceeds to redeem the $500 million outstanding on its unsecured notes due 2023.

“Our B- issuer credit rating and stable outlook are unchanged,” S&P said in a press release.

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