Moody’s gives B3 to Fantasia notes

Moody's Investors Service said it assigned a B3 senior unsecured debt rating to Fantasia Holdings Group Co., Ltd.'s proposed senior unsecured dollar-denominated notes.

Fantasia plans to use the proceeds mainly to refinance existing debt.

"If the proposed notes are issued, Fantasia's debt maturity profile will improve," Moody's assistant vice president and analyst Stephanie Lau said in a news release.

"We also do not expect the proposed notes to have any material impact on Fantasia's credit metrics."

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