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Fitch rates MHP bond B+
Fitch Ratings said it assigned MHP Lux SA’s prospective $300 million to $350 million bond an expected senior unsecured rating of B+ with a recovery rating of RR4 (50%).
The agency also upgraded MHP SE’s long-term foreign-currency and local-currency issuer default ratings and senior unsecured rating to B+ from B.
The upgrade mirrors the upgrade of Ukraine to B from B-, Fitch said.
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