Fitch rates Sazka bond BB-

Fitch Ratings said it assigned an expected BB-/RR4 rating to Sazka Group as’ planned offering of €300 million of senior unsecured notes.

The notes will be guaranteed by a subsidiary that accounts for about 25% of the group’s proportionally consolidated EBITDA, Fitch said.

Proceeds will be used to repay debt.

Fitch also assigned a BB- rating to the company.

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