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S&P assigns BB to CQP notes
S&P said it assigned BB issue-level and 3 recovery ratings to CQP Holdco LP’s new 10-year senior secured notes.
The agency said it also affirmed its BB issuer credit rating on CQP Holdco and its BB issue-level rating, with a 3 recovery rating, on the company's debt.
CQP will use the proceeds to repay a portion of the term loan on a dollar-for-dollar basis.
The outlook is stable.
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