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Published on 8/12/2019 in the Prospect News Distressed Debt Daily and Prospect News Emerging Markets Daily.

Fitch rates MV24 Capital notes

Fitch ratings said it assigned a BB rating to MV24 Capital BV’s $1.1 billion of senior secured notes.

The deal is backed by payments to be made to Cernambi Sul MV24 BV, the project company, under a charter agreement signed with Tupi BV. Tupi is a special purpose vehicle created by a consortium of oil companies.

The outlook is stable.


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