Moody’s rates Orient notes Baa2

Moody's Investors Service said it assigned a backed senior unsecured Baa2 rating to Orient Zhisheng Ltd.’s planned dollar-denominated senior unsecured bonds, guaranteed by Orient Securities Co. Ltd. The agency rates the guarantor Baa2.

The issuer is a unit of Orient Finance Holdings, which is owned by Orient Securities.

Orient Zhisheng plans to use the proceeds to refinance Orient Securities' offshore indebtedness.

The outlook is stable.

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