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Prospect News home > News index > List of issuers V > Headlines for VimpelCom Holdings BV > News item
Published on 5/30/2017 in the Prospect News Emerging Markets Daily and Prospect News High Yield Daily.

Fitch rates VimpelCom notes BB+

Fitch Ratings said it assigned an expected BB+ rating to VimpelCom Holdings BV’s prospective issue of dollar-denominated senior notes and affirmed parent company VEON Ltd.’s long-term issuer default rating at BB+ and the senior debt of VEON and its subsidiaries at BB+. The outlook is stable.

The note proceeds will be used to finance a tender offer for senior bonds due 2018 and 2021 issued by VimpelCom PJSC and bonds due 2022 issued by VimpelCom Holdings.

The agency said the transactions will allow VEON to reduce the amount of guaranteed debt, and Fitch views them as moderately positive for the ratings.


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