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DBRS assigns B (high) to Mattr notes
DBRS said it assigned Mattr Corp.’s C$175 million of 7¼% senior unsecured notes due 2031 B (high) rating with an RR6 recovery rating.
The credit rating is based on the credit rating of an already outstanding debt series of unsecured notes, the agency said.
Mattr plans to use the notes to redeem its 9% notes due 2026 and for any associated fees and expenses.
The trend is positive.
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