Fitch rates Shaoxing Shangyu notes BBB-

Fitch Ratings said it assigned a BBB- rating to Shaoxing Shangyu State-owned Capital Investment and Operation Co., Ltd.'s (SYSC) planned U.S. dollar senior unsecured notes.

The notes are rated at the same level as SYSC's issuer default rating, the agency said.

The proceeds will be used for refinancing, project construction and general corporate purposes.

The outlook is stable.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.