Moody’s rates Beijing Capital notes Baa2

Moody’s Investors Service said it assigned a definitive Baa2 senior unsecured rating to the bonds to be issued by Beijing Capital Polaris Investment Co. Ltd. and guaranteed by Beijing Capital Group Co., Ltd.

The outlook is stable.

The proceeds will be used for general corporate purposes, including paying back existing debt, Moody’s said.

Beijing Capital Group is 100% owned by the Beijing municipal government, the agency said.

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