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Prospect News home > News index > List of issuers G > Headlines for GEMS Menasa (Cayman) Ltd. > News item
Published on 8/22/2019 in the Prospect News Emerging Markets Daily and Prospect News High Yield Daily.

Fitch rates GEMS notes, loan B+

Fitch Ratings said it assigned a final long-term issuer default rating of B to GEMS Menasa (Cayman) Ltd.

The agency also gave a final instrument rating of B+/RR3 to the $1.65 billion senior secured debt, including term loan and senior secured notes.

The ratings reflect a leveraged capital structure, Fitch said.

The outlook is stable.


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