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Fitch gives Alcoa Nederland notes BB+
Fitch Ratings said it assigned a BB+/RR4 rating to Alcoa Nederland Holding BV’s new $500 million of senior unsecured notes. The notes rank pari passu with the $750 million of 6¾% notes due 2024, the $500 million of 7% notes due 2026, and the $500 million of senior unsecured notes due 2028.
Proceeds will be used for general corporate purposes.
Alcoa Nederland benefits from an Alcoa Corp. guarantee, Fitch said.
The outlook is stable.
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