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Moody's reaffirms currency rating on Porterbrook refiance proposal

Moody's Investors Service stated (15-Sep-2020) Porterbrook Rail Finance Limited's proposal to refinance the GBP250 million bond maturing on 20-Oct-2020, utilsing new issuance proceeds of approximately GBP100 million loan facility maturing in Apr-2029 and GBP150 million senior secured notes maturing in Apr-2033 "would not... result in a reduction, placement on review for possible downgrade or withdrawal of Moody's current rating of the Notes". [more - original PR]

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