Fitch rates IHS new debt B+, ups national rating

Fitch Ratings said it gave IHS Netherlands Holdco BV’s new dollar-denominated bond and dollar-denominated and naira-denominated term loans an expected B+/RR4 rating. The agency upgraded the company’s national long-term rating to AA+ (nga) from AA (nga) and affirmed the long-term issuer default rating at B+.

The company plans to obtain $1.8 billion of new debt.

IHS’ parent IHS Holding Ltd. plans to combine all the Nigerian operations under IHS Netherlands.

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