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Fitch rates Eurotorg bond B
Fitch Ratings said it assigned Eurotorg's planned loan participation notes an expected rating of B/RR4. Fitch also affirmed Eurotorg's long-term issuer default rating at B with a stable outlook.
The LPNs will be issued by Bonitron DAC a special purpose vehicle. The SPV is limited to issuing the notes and providing a loan to Eurotorg. The notes will be secured by a loan to Eurotorg, which will rank equally with its other senior unsecured obligations.
The outlook is stable.
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