Moody’s rates Yuzhou Properties notes B1

Moody’s Investors Service said it assigned a B1 rating to Yuzhou Properties Co. Ltd.’s proposed senior unsecured dollar-denominated notes

Proceeds will be used to refinance medium- to long-term offshore debt due within a year.

“The proposed bond issuance will support Yuzhou’s liquidity and lengthen its debt maturity profile,” said Celine Yang, a Moody’s assistant vice president and analyst, in a press release.

The outlook is stable.

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