S&P rates Foxconn notes A-

S&P said it assigned its A- long-term issue rating to the proposed medium-term notes to be issued by Foxconn (Far East) Ltd., a fully owned subsidiary of Hon Hai Precision Industry Co. Ltd.

The issuance is under the $5 billion medium-term note program Hon Hai guarantees.

Hon Hai will mainly use the proceeds to refinance debt.

© 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.