Fitch rates Santos Finance bond BBB

Fitch Ratings said it assigned Santos Finance Ltd.'s planned U.S.-dollar senior unsecured notes a BBB rating.

“The instrument rating is aligned with Australia-based parent Santos Ltd.'s (BBB/stable) long-term issuer default rating (IDR), as the notes are fully guaranteed by Santos Ltd. and will constitute its unconditional, unsecured and unsubordinated liabilities, ranking equally with its other unsubordinated obligations,” Fitch said in a press release.

The proceeds will be used for general corporate purposes.

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