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S&P rates CorpGroup notes BB
Standard & Poor's said it assigned its BB long-term issuer credit rating CorpGroup Banking SA.
At the same time, S&P assigned its BB rating on the company's proposed senior unsecured notes for up to $500 million with a tenor of up to 10 years.
In addition, the agency placed ratings on CreditWatch with negative implications, reflecting a similar rating action it took on Corpbanca SA, CorpGroup Banking's most important cash contributor.
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