Fitch rates Simpar bond BB-

Fitch Ratings said it assigned a BB- rating to the proposed benchmark sized unsecured notes to be issued by Simpar Europe, a wholly owned subsidiary of Simpar SA, which will guarantee the notes.

Fitch rates Simpar's long-term foreign and local currency issuer default ratings at BB- with a stable outlook.

Proceeds will be used to refinance the 2024 bonds and general corporate purposes.

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