Fitch rates Webuild notes BB

Fitch Ratings said it assigned Webuild SpA's planned maximum of €500 million of five-year notes an expected BB senior unsecured rating.

“The rating is aligned with Webuild's long-term issuer default rating (IDR) and existing senior unsecured notes' rating,” the agency said in a press release.

The proceeds will be used to refinance indebtedness and for general corporate purposes.

The outlook is stable.

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