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Prospect News home > News index > List of issuers W > Headlines for Wanda Commercial Properties (Hong Kong) Co. Ltd. > News item |
Moody's rates Wanda bond Baa3
Moody's Investors Service said it assigned a Baa3 senior unsecured rating to the proposed bond to be issued by Wanda Properties International Co. Ltd., a wholly owned subsidiary of Wanda Commercial Properties (Hong Kong) Co. Ltd. (Wanda HK, Baa3 stable).
The outlook is stable.
The bond is guaranteed by Wanda HK a wholly owned subsidiary of Dalian Wanda Commercial Properties Co., Ltd. (Baa2 stable).
In addition to the guarantee by Wanda HK, the bond is also supported by a deed of equity interest purchase undertaking and a keepwell deed between Wanda Commercial Properties, Wanda HK and the bond trustee.
"The new debt issue will strengthen Wanda Group's liquidity and extend its debt maturity profile," Moody's vice president and senior analyst Kaven Tsang said in a news release.
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