Fitch rates SPP Infrastructure notes A-

Fitch Ratings said it assigned a final A- senior unsecured rating to SPP Infrastructure Financing BV's €500 million seven-year 3¾% notes.

The issuer is owned by Slovensky plynarensky priemysel, AS and the notes are guaranteed by SPP Infrastructure.

The agency also said it maintained the rating on RatingWatch evolving.

The notes represent senior unsecured obligations and the proceeds will be used to partially repay existing debt and upstream cash to ultimate parents, the Slovak Republic and Energeticky a prumyslovy holding, AS.

The ratings reflect the company's consolidated profile, including gas transmission, distribution, storage and supply, Fitch said, as well as the dividend policy agreed by its owners.

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