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Fitch rates Seazen bonds BB+
Fitch Ratings said it assigned a BB+ rating to Seazen Holdings Co., Ltd.'s planned dollar-denominated green bonds. The notes will be issued by Seazen Holdings' indirect wholly owned subsidiary, New Metro Global Ltd.
The notes will be guaranteed by Seazen Holdings and rated at the same level as its senior unsecured rating because they constitute its direct and senior unsecured obligations, the agency said.
Seazen Holdings intends to use the proceeds to refinance debt.
The outlook is stable.
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