Fitch rates Yingde notes BB

Fitch Ratings said it assigned Yingde Gases Group Co. Ltd.'s guaranteed $125 million 8 1/8% senior unsecured notes due 2018 a final rating of BB.

The notes were issued at the same terms and conditions as the $300 million 8 1/8% bonds due 2018 issued in early April 2013.

The notes are issued by Yingde Gases Investment Ltd. and unconditionally and irrevocably guaranteed by Yingde.

The proceeds will be used for refinancing certain existing debt.

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