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Fitch assigns AngloGold notes BBB-
Fitch said it assigned an expected senior unsecured rating of BBB- to AngloGold Ashanti Holdings plc’s planned dollar-denominated bond, guaranteed by AngloGold Ashanti Ltd.
The new notes will rank pari passu with Holdings’ existing senior, unsecured debt obligations. The guarantee will rank pari passu with all other senior, unsecured debt obligations of AngloGold Ashanti Ltd.
The proceeds will be used to repay the $1.4 billion revolver partially.
Fitch also affirmed AngloGold Ashanti Ltd.’s BBB- issuer rating in July.
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