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S&P rates Mersin notes B
S&P said it preliminarily assigned a B rating to Mersin Uluslararasi Liman Isletmeciligi AS’ (Mersin International Port) planned five-year senior unsecured notes for up to $600 million.
The agency rates Mersin and its outstanding notes B.
Mersin will use the proceeds to refinance its $600 million of 5 3/8% notes due 2024.
The outlook is stable.
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