S&P gives ENN Energy notes BBB

S&P said it rated ENN Energy Holdings Ltd.’s planned dollar-denominated senior unsecured notes BBB.

“We equalize the issue rating with the issuer credit rating on ENN Energy because we see limited structural subordination risks considering the company's low leverage,” the agency said in a press release.

ENN Energy intends to use the proceeds for refinancing debt and funding eligible green projects under its green finance framework.

The outlook is positive.

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