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Fitch gives Seazen notes BB+
Fitch Ratings said it assigned a BB+ rating to Seazen Holdings Co., Ltd.’s proposed dollar-denominated senior notes. The notes, which Seazen will guarantee, are issued by Seazen’s indirect wholly owned subsidiary, New Metro Global Ltd.
Fitch said it rates them at the same level as Seazen’s senior unsecured rating because the notes are direct, senior unsecured obligations.
Seazen intends to use the proceeds to refinance debt.
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