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Fitch rates ChelPipe's loan notes BB-
Fitch Ratings said it assigned PJSC Chelyabinsk Pipe Plant’s proposed debut issue of loan participation notes an expected senior unsecured rating of BB-.
The agency also affirmed Chelpipe’s long-term foreign-currency issuer default rating of BB-.
The notes will be sold by Chelpipe Finance DAC.
Chelpipe’s largest subsidiary Pervouralsk Pipe Plant JSC will also guarantee the notes.
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