Fitch gives MVM bonds BBB

Fitch Ratings said it gave MVM Zrt.'s planned euro-denominated bonds an expected foreign-currency senior unsecured rating of BBB.

“The bonds' rating is at the same level as MVM's long-term foreign-currency issuer default rating (IDR), as the bonds will constitute senior, unsubordinated, unconditional and unsecured obligations of MVM,” Fitch said in a press release.

The proceeds will be used to finance general corporate purposes.

The outlook is stable.

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