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Prospect News home > News index > List of issuers L > Headlines for Lutech SpA > News item
Published on 11/21/2023 in the Prospect News High Yield Daily.

S&P assigns B to Lutech, notes

S&P said it assigned B ratings to Lutech SpA and its €338 million senior secured notes and withdrew its B ratings on Libra GroupCo SpA. The outlook is stable.

Following the merger of Libra GroupCo and its subsidiary Libra Italy Solution Srl into Lutech SpA, Lutech SpA switched from being the guarantor to being the issuer of €338 million of 5% senior secured notes due 2027.

“The ratings are in line with our former ratings on Lutech's former parent entity Libra GroupCo,” S&P said in a press release.


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