Moody’s assigns Baa2 to ENN Energy note

Moody’s Investors Service said it assigned a Baa2 rating to ENN Energy Holdings Ltd.’s proposed senior unsecured dollar-denominated note.

“The proposed U.S. dollar note issuance will not have a material impact on ENN Energy’s overall credit profile because the scale of the issuance will be manageable for the company,” says Boris Kan, a Moody’s vice president and senior credit officer, in a press release.

ENN Energy will use the proceeds for refinancing debt and for general corporate purposes.

The outlook is stable.

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