Fitch rates InfraBuild notes BB-

Fitch Ratings said it assigned an expected BB- rating to InfraBuild Australia Pty Ltd.’s proposed dollar-denominated senior unsecured notes.

The agency also assigned a first-time expected issuer default rating to the company of BB-.

“The expected IDR assumes that InfraBuild will raise sufficient funds from the proposed U.S. dollar bonds to refinance and restructure its existing facilities,” said Fitch in a press release.

The outlook is stable.

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