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S&P rates Ceva Logistics loan B+
S&P said it assigned a B+ rating to Ceva Logistics AG’s $475 million secured term loan. The loan was issued through Ceva Logistics Finance BV. The loan replaces a previous loan of the same amount.
S&P assigned 4 recovery rating indicating its estimate of average recovery (30%-50%; rounded estimate: 45%) in the event of a payment default.
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