Fitch assigns BBB+ to Athora notes

Fitch Ratings said it assigned Athora Holding Ltd. planned senior notes a BBB+ rating.

“The notes are rated one notch below Athora's A- long-term issuer default rating (IDR), to reflect their 'below average' recovery assumptions (one notch),” Fitch said in a press release.

The proceeds will be used for general corporate purposes, which may include bank loan refinancing and acquisitions.

The outlook is stable.

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