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S&P rates Solvay hybrids BB+
S&P said it assigned its BB+ long-term issue rating to the euro-denominated security to be issued by Solvay SA (BBB/stable/A-2).
“We arrive at our BB+ issue rating on the proposed security by deducting two notches from our BBB issuer credit rating on Solvay,” S&P said in a news release.
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