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S&P rates Alrosa bond BBB-
S&P said it assigned its BBB- long-term issue rating to the proposed dollar-denominated senior unsecured notes to be issued by Alrosa Finance SA, a fully owned subsidiary of PJSC Alrosa, which is rated BBB-. PJSC Alrosa will guarantee the notes.
Alrosa intends to use the proceeds for general corporate purposes.
“The BBB- issue rating on Alrosa Finance’s senior unsecured debt is in line with our issuer credit rating on Alrosa PJSC since there are no significant financial or trade obligations that represent material subordination risk in the capital structure,” said S&P in a press release.
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