Fitch Assigns Stabilus 'B' IDR; Proposed Senior Secured Notes 'B+(EXP)'

Newswire

(The following statement was released by the rating agency) FRANKFURT/LONDON, May 28 (Fitch) Fitch Ratings has assigned Servus Holdco S.a r.l. Luxembourg (Stabilus) a Long-term foreign currency Issuer Default Rating (IDR) of 'B'. The Rating Outlook is Stable. Fitch has also assigned expected ratings of 'B+(EXP)'/'RR3' to the proposed five-year senior secured notes of up to EUR315m to be issued by Servus Luxembourg Holding S.C.A. and guaranteed by Stabilus. The IDR factors in the changed ...

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