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DBRS rates First National notes BBB
DBRS Ltd. said it has assigned a provisional rating of BBB (low) with a stable trend to First National Financial Corp.’s proposed new senior unsecured debt.
DBRS noted that it has assigned the senior unsecured debt rating one notch below the issuer’s BBB rating on its senior secured guaranteed debt and the related issuer rating assigned to First National Financial LP because of the new debt’s subordination relative to its sizable operating bank line.
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