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Stonegate Group (STONPB; Secured B3 Neg/NR/B+) Fitch off CW Neg.

CONSUMER CYCLICALS

Rating has been stabilised by Fitch; "The refinancing, which is voluntary for existing noteholders and Fitch understands from management that Stonegate intends to repay the second-lien in full, is not expected to be a distressed debt exchange (DDE) under Fitch's criteria."

Sterling Fixed, € floater deal details here.

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