S&P rates Agile Group notes BB

S&P said it assigned its BB long-term issue rating to a proposed issue of dollar-denominated senior unsecured notes by Agile Group Holdings Ltd.

Agile plans to use the proceeds to refinance debt.

“We equalize the issue rating with our issuer credit rating on Agile, given the debt is not significantly subordinated relative to other debt in the company's capital structure,” S&P said in a press release.

The outlook is negative.

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