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Fitch upgrades Mobilux notes
Fitch Ratings said it upgraded Mobilux Finance SAS' senior secured notes to B+/RR3 from B/RR4, and affirmed Mobilux 2 SAS’ issuer default rating at B with a stable outlook.
The upgrade reflects a forecast for a higher going concern EBITDA than in the agency’s previous forecasts, reflecting a structural increase in Mobilux 2’s profitability, Fitch said.
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