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Prospect News home > News index > List of issuers Y > Headlines for Yango Group Co., Ltd. > News item |
Fitch gives Yango notes B
Fitch Ratings said it assigned Yango Group Co., Ltd’s proposed dollar-denominated senior notes an expected B rating with a recovery rating of RR5.
“The proposed notes are rated at the same level as Yango’s senior unsecured rating because they constitute its direct and senior unsecured obligations,” said Fitch in a press release.
The notes will be issued by its subsidiary, Yango Justice International Ltd., and guaranteed by Yango.
Proceeds will be used to refinance debt.
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