Moody’s rates Agile Group notes Ba3

Moody’s Investors Service said it assigned a Ba3 senior unsecured rating to Agile Group Holdings Ltd.’s proposed dollar-denominated senior perpetual capital securities.

Proceeds will be used to refinance debt.

“The proposed perpetual securities will extend Agile’s debt maturity profile and will not have a material impact on its credit metrics, as it will mainly use the proceeds to refinance existing debt,” said Kaven Tsang, a Moody’s senior vice president, in a press release.

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