Fitch assigns Seazen notes BB+

Fitch Ratings said it assigned a BB+ rating to Seazen Group Ltd.'s proposed U.S. dollar senior notes. The notes will be issued by its indirect wholly owned subsidiary, New Metro Global Ltd.

Seazen will guarantee the notes that are rated at the same level as its senior unsecured rating because they constitute Seazen’s direct and senior unsecured obligations, Fitch said.

The company intends to use the proceeds to refinance debt.

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