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Moody's rates UGI bonds Ba1
Moody's Investors Service said it assigned a Ba1 rating to UGI International, LLC's planned €400 million of senior unsecured notes due 2029.
UGI International's other ratings, including the Ba1 corporate family rating are unchanged, the agency said.
Most of the proceeds will be used to refinance UGI International's senior unsecured notes due 2025 and the remainder will be used for general corporate purposes and/or distributed to UGI International's parent company, UGI Corp.
The outlook remains stable.
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