S&P rates Tikehau Capital notes BBB-

S&P said it assigned BBB- ratings to Tikehau Capital SCA’s three existing senior unsecured notes due 2023, 2026 and 2029.

“We rate the three notes BBB-, in line with the long-term issuer credit rating on Tikehau Capital. This is because they constitute unconditional unsecured obligations that rank pari passu and without any preference between themselves, the $180 million private placement issued in February 2022, and any future senior issuance; and because we see limited risks in terms of structural subordination since the company does not have any secured debt,” the agency said in a press release.

The outlook is stable.

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