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Prospect News home > News index > List of issuers G > Headlines for GLP Pte. Ltd. > News item |
Fitch rates GLP securities BB+
Fitch Ratings said it assigned GLP Pte. Ltd.'s proposed $300 million of subordinated perpetual securities a BB+ rating.
“The ratings on the proposed securities, at two notches below GLP's long-term issuer default rating, reflect the highly subordinated nature of the securities, which rank senior only to GLP's ordinary shares and junior obligations,” Fitch said in a press release.
GLP will use the proceeds for refinancing a portfolio of green projects.
The outlook is negative.
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