DXS BBB+/stable. Hybrids 2 notches lower.
GMG BBB+/negative. Hybrids 2 notches lower.
MXG / MXUPA unrated.
Personally I think all are OK - some advantages of MXUPA is that its portfolio is quite diverse, parent (BAM) has good access to capital.
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MXG
multiplex group
eureka report article, page-4
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