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Fitch Rates MDGH-GMTN bonds AA
Fitch Ratings said it assigned expected AA ratings to MDGH-GMTN BV’s upcoming $2 billion of 3.95% fixed-rate bonds due 2050, $1 billion of 2.875% fixed-rate bonds due 2030 and $1 billion of 2.5% fixed-rate bonds due 2026.
Parent Mamoura Diversified Global Holding PJSC, which Fitch rates AA, will guarantee the bonds.
The proceeds will be used to refinance maturing bonds and for general corporate purposes.
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