Moody's assigns Henan Railway bonds A2

Moody's Investors Service said it assigned an A2 senior unsecured rating to the planned dollar-denominated bonds to be issued by Henan Railway Construction & Investment Group Co., Ltd.

The agency affirmed Henan Railway’s A2 ratings on Oct. 5.

Henan Railway will use the proceeds to finance and refinance its railroad construction project and replenish its working capital for eligible green projects under the company's green finance framework.

The outlook is stable.

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