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S&P rates Suntory bonds BBB
S&P said it has assigned its BBB long-term issue credit rating to Suntory Holdings Ltd.’s $500 million of 2.25% senior unsecured bonds due 2024.
“We equalize the issue rating with the long-term issuer credit rating on the company. This is because given their priority of payment among its financial obligations, we see a limited possibility that the bondholders might be significantly disadvantaged relative to other lenders,” said S&P in a press release.
The outlook is stable.
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