Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for MCC Holding (Hong Kong) Corp. Ltd. > News item |
Moody's gives MCC securities Baa1
Moody's Investors Service said it assigned a Baa1 senior unsecured rating to the planned senior perpetual securities to be issued by MCC Holding (Hong Kong) Corp. Ltd. and guaranteed by Metallurgical Corp. of China Ltd.
"The Baa1 rating reflects the guarantee from MCC and the fact that the perpetual securities will rank pari passu with all other senior unsecured obligations of MCC," said Chenyi Lu, a Moody's vice president and senior credit officer, in a press release.
MCC will use the proceeds to refinance its offshore debt.
The outlook is stable.
© 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.