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S&P rates HCL America notes A-
S&P said it assigned its A- ratings to HCL America Inc. and its proposed senior unsecured notes. HCL is a subsidiary of HCL Technologies Ltd., which will guarantee the notes. The guarantee is capped at 105% of the principal.
HCL America plans to use the proceeds to refinance its borrowings.
The outlook is stable, reflecting HCL Technologies’ stable outlook, S&P said.
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