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Fitch assigns CSC, notes BBB+
Fitch Ratings said it assigned CSC Financial Co., Ltd. and its proposed senior unsecured notes expected BBB+ ratings.
The notes will be issued by wholly owned special-purpose vehicle CSCIF Asia Ltd. under a $3 billion medium-term note program. The program and the notes will be guaranteed by CSC, the company’s registered name in Hong Kong. CSC is known as China Securities Co., Ltd. in China.
The proceeds will be used for debt refinancing and general corporate purposes.
The outlook is stable.
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