Fitch gives MDGH GMTN bonds AA

Fitch Ratings said it assigned MDGH GMTN (RSC) Ltd.'s upcoming $500 million of fixed-rate bonds due 2031, and $500 million of fixed-rate bonds due 2051, expected long-term AA ratings.

The bonds will be issued under MDGH GMTN's global medium-term note program and will be guaranteed by Mamoura Diversified Global Holding PJSC. Fitch rates Mamoura Diversified AA.

The proceeds will be used to refinance maturing bonds and for general corporate purposes.

The outlook is stable.

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