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Moody’s rates Optivo Finance bonds A2
Moody's Public Sector Europe said it affirmed Optivo's A2 issuer rating with a stable outlook and assigned A2 rating to Optivo Finance plc's proposed £250 million senior secured bonds with a stable outlook.
Moody’s said the A2 issuer rating Optivo's supported by robust profitability, sufficient interest coverage ratios, and a strong liquidity position.
The rating also takes into account a moderate, but rising level of debt, an expected increase in development activity, and integration risk from the recent merger.
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