Fitch assigns Pacific National notes BBB-

Fitch Ratings said it assigned Pacific National Holdings Pty Ltd.’s proposed Australian dollar senior notes due 2029 an expected BBB- rating.

Pacific National’s wholly owned subsidiary, Pacific National Finance Pty Ltd., will offer the notes, which will be guaranteed by various group entities, including Pacific National. Pacific National is rated BBB-.

Proceeds will be used for general corporate purposes.

The outlook is stable.

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