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S&P assigns BB to Muthoot notes
S&P said it rated Muthoot Finance Ltd.’s planned dollar-denominated senior secured notes BB. The notes will be a drawdown from the company’s $2 billion global medium-term note program.
“The rating on the notes is equalized with the long-term issuer credit rating on Muthoot (BB/stable/B), an India-based finance company,” S&P said in a statement.
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