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Fitch assigns FWD notes BBB-
Fitch Ratings said it assigned BBB- ratings to FWD Group Holdings Ltd.’s U.S. dollar-denominated dated subordinated notes and perpetual subordinated capital securities.
FWD Group Ltd. originally sold these securities, which were rated BBB- by Fitch, and they were reassigned to FWD Group Holdings. FWD Group Holdings is the top holding company of the group following a restructuring earlier this month.
Fitch also assigned a BBB rating to FWD Group Holdings’ medium-term note program.
The outlook is stable.
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