Fitch affirms Algeco

Fitch Ratings said it affirmed and simultaneously withdrew Algeco Global Sarl's long-term issuer default rating at B with a negative outlook.

At the same time, Fitch assigned Algeco Investments 2 Sarl a long-term issuer default rating of B with a negative outlook.

Fitch also affirmed the senior secured notes issued by Algeco Global Finance plc at B+ with a recovery rating of RR3 and senior unsecured notes issued by Algeco Global Finance 2 plc at CCC+ with a recovery rating of RR6.

“The affirmation and withdrawal of Algeco Global Sarl's rating follows a change in the company's consolidation perimeter with primary consolidation for the group migrating from Algeco Global Sarl to Algeco Investments,” the agency said in a news release.

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