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Published on 2/15/2024 in the Prospect News Bank Loan Daily and Prospect News Investment Grade Daily.

Fitch assigns BBB to Kyndryl notes

Fitch Ratings said it rated Kyndryl Holdings, Inc.'s senior unsecured notes offering BBB.

The rating is in line with Fitch’s ratings on Kyndryl’s outstanding senior unsecured debt.

The company is expected to use the proceeds to refinance upcoming debt maturities, which include only $500 million of term loans maturing on Nov. 1.

The outlook is stable.


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