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Fitch rates WEC loans BB-
Fitch Ratings said it assigned BB-/RR3 senior secured ratings for WEC US Holdings Ltd.'s (formerly Brookfield WEC Holdings Inc.) planned senior secured revolving credit facility and term loan.
The agency said it also affirmed WEC US' asset-based lending facility at BB+/RR1 and WEC US' long-term issuer default rating and senior secured debt at B+ and BB-/RR3, respectively.
Additionally, Fitch assigned WEC US' new parent company, Watt New Sub-Aggregator LP, a B+ long-term IDR, collectively referred to as WEC and doing business as Westinghouse Electric Co.
The outlook is stable.
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