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S&P rates Granvia bonds BBB+
Standard & Poor's said it assigned its preliminary BBB+ long-term debt rating to the approximately €1.2 billion fixed-rate senior secured bonds due 2039 to be issued by Granvia as (ProjectCo).
The outlook is stable.
The rating action follows ProjectCo's proposal to issue about €1.2 billion fixed-rate senior secured bonds due 2039.
The preliminary BBB+ long-term ratings reflect the project's low operating risks and relatively strong financial profile, offset by the relatively untested nature of the concession agreement in Slovakia.
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