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Prospect News home > News index > List of issuers M > Headlines for MB Holding Co. LLC > News item |
Fitch rates MB currency BB, notes BB-
Fitch Ratings said it assigned MB Holding Co. LLC and its wholly owned subsidiary, MB Petroleum Services LLC, long-term foreign currency issuer default ratings of BB-.
The ratings are on rating watch negative.
Fitch said it has also assigned MB Finance Co.'s upcoming notes issue an expected foreign currency senior unsecured rating of BB-.
The agency said that MB Holding's liquidity is constrained following the exercise of a call option to purchase the remaining 49% of Century in June.
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