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Prospect News home > News index > List of issuers H > Headlines for Huayi Finance I Ltd. > News item
Published on 10/18/2019 in the Prospect News Emerging Markets Daily.

Fitch rates Shanghai Huayi notes BBB-

Fitch Ratings said it assigned Shanghai Huayi (Group) Co.’s proposed dollar-denominated senior unsecured notes an expected BBB- rating. Shanghai Huayi is rated BBB-.

The notes will be offered by Huayi Finance I Ltd., a wholly owned subsidiary, and unconditionally guaranteed by Shanghai Huayi. The notes will be direct and unsubordinated obligations of Shanghai Huayi.

Proceeds will be used for refinancing and general corporate purposes.


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