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S&P rates Plt Vii Finance B
S&P said it assigned B ratings to Plt Vii Finance Sarl and withdrew the B ratings on Plt Vii Finance BV. Bite’s owner Providence merged Plt Vii Finance BV into Plt Vii Finance Sarl.
The outlook is stable. “The stable outlook reflects our expectation that Bite's revenue and EBITDA margin will continue increasing, including in 2020, due to the Baltcom acquisition, with leverage remaining below 6.5x,” S&P said in a press release.
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