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Fitch trims Optigroup loan rating to B+
Fitch Ratings said it lowered Unique Bidco ABs (Optigroup) senior secured debt rating to B+ from BB- and affirmed the B issuer rating.
The downgrade of the senior secured debt rating follows a 100 million add-on issue to the group's term loan B (TLB), taking its total amount to 465 million and leading to a lower recovery rating of RR3 versus RR2 previously, the agency said in a press release.
The outlook is stable.
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