S&P rates Wind notes B

Standard & Poor's said it assigned its B issue rating to the proposed €3.75 billion-equivalent senior notes due 2021 to be issued as euro- and U.S. dollar-denominated notes by Wind Acquisition Finance SA. Wind Acquisition Finance is a wholly owned subsidiary of WIND Telecomunicazioni SpA (Wind).

The B issue rating with a recovery of 6 reflects the subordination of the proposed notes to Wind's existing senior secured debt.

The issue and recovery ratings on the existing senior secured debt issued by Wind and Wind Acquisition Finance remain unchanged at BB and 2, respectively, S&P said in a news release.

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