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Prospect News home > News index > List of issuers G > Headlines for Global Bank Corp. > News item |
Fitch cuts Global Bank bonds
Fitch Ratings said it downgraded Global Bank Corp.'s $85 million secured series B bond's long-term rating to BB+ from BBB- and national long-term rating to AA+(slv) from AAA(slv); series C's long-term rating to BB+ from BBB- and national long-term rating to AA+(slv) from AAA(slv); series D's long-term rating to BB+ from BBB- and national long-term rating to AA+(slv) from AAA(slv).
The outlook on all of the bonds was revised to stable from negative.
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