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Fitch rates ReAssure Group notes BBB
Fitch Ratings said it published ReAssure Group plc's proposed issue of subordinated tier 2 notes' BBB rating.
Fitch also published the proposed issue of subordinated tier 3 notes' BBB rating.
The proposed notes are rated three notches below ReAssure Group's long-term issuer default rating of A to reflect their subordination and loss-absorption features, Fitch said.
The proposed notes are expected to be issued as a part of a new capital structure set up ahead of a planned IPO in 2019.
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