Oct. 10 (Bloomberg) -- Standard & Poor’s Ratings Services assigned its ‘BB’ issue rating to the proposed 100 million-euro senior unsecured notes to be issued by a unit of Fresenius Medical Care AG & Co. KGaA, S&P said in an e-mailed statement today.

“We have also assigned a recovery rating of ‘3’ to the notes, indicating our expectation of meaningful (50%-70%) recovery in the event of a payment default,” the statement said. “The recovery and issue ratings on FMC’s other debt facilities remain unchanged.”

To contact the editor responsible for this story: Rajiv Sekhri at rsekhri1@bloomberg.net