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Prospect News home > News index > List of issuers Y > Headlines for Yunnan Provincial Energy Investment Group Co., Ltd. > News item |
Fitch rates Yunnan Energy notes BBB, BBB-
Fitch said it assigned a BBB rating to the proposed senior unsecured notes and a rating of BBB- to the proposed senior perpetual securities to be issued by Yunnan Energy Investment Overseas Finance Co. Ltd., a wholly owned subsidiary of Yunnan Provincial Energy Investment Group Co., Ltd., which Fitch rates BBB.
The planned debt instruments are guaranteed by Yunnan Provincial.
“The senior perpetual securities are rated one notch lower than the senior notes due to the coupon deferral feature, based on Fitch's corporate hybrids treatment and notching criteria,” the agency said in a press release.
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