S&P rates MVM notes BBB-

S&P said it assigned a BBB- issue rating to MVM Energy Private LLC's planned euro-denominated benchmark senior unsecured notes with a tenor of six or seven years.

The BBB- rating reflects that the notes rank equally with MVM's other unsecured debt in the capital structure and that priority debt is well below the agency’s 50% threshold, S&P said.

The proceeds are expected to be used for general corporate purposes.

The outlook is stable.

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