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S&P rates Danfoss notes BBB
S&P said it assigned its BBB issue rating to the proposed 500 million sustainability-linked senior unsecured notes due 2029 under Danfoss A/S' 2.5 billion euro medium-term notes program.
The proposed debt will be issued by Danfoss Finance II BV and will be irrevocably and unconditionally guaranteed by Danfoss A/S.
The proposed issuance does not affect our view of Danfoss A/S' credit profile. This is because Danfoss plans to use the notes' proceeds to refinance existing debt with no effect on credit metrics, S&P said in a news release.
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