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Prospect News home > News index > List of issuers F > Headlines for Future Land Development Holdings Ltd. > News item |
Fitch: Future Land notes B+
Fitch Ratings said it assigned Future Land Development Holdings Ltd.'s proposed renminbi-denominated senior unsecured notes an expected rating of B+(EXP).
The proceeds will be used to refinance existing trust loans, acquire land parcels and for general corporate use.
The notes are rated at the same level as Future Land's senior unsecured rating as they represent direct, unconditional, unsecured and unsubordinated obligations of the company.
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