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Prospect News home > News index > List of issuers C > Headlines for Creal Nomina, SA de CV > News item |
Fitch rates Credito Real notes BB+
Fitch Ratings said it gave Credito Real, SAB de CV Sofom, ER's proposed dollar-denominated senior unsecured notes an expected long-term rating of BB+.
The proposed notes will be issued for up to $500 million with a seven-year tenure and non-callable for four years (7NC4).
The notes will be guaranteed by Credito Real’s subsidiaries Credito Real, SA and Creal Nomina, SA de CV.
Credito Real intends to use proceeds to refinance liabilities, including to pay a tender of the 2023 senior notes and for general corporate purposes.
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