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S&P rates Sagen MI Canada notes BBB-
S&P said it assigned its BBB- issue rating to Sagen MI Canada Inc.'s C$150 million of 4.95% subordinated notes due 2081.
“Our issue rating is two notches below our long-term issuer credit rating on Sagen (BBB+/negative/--), which reflects the subordination and deferability of interest payments,” S&P said in a press release.
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