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Prospect News home > News index > List of issuers Z > Headlines for Zhenro Properties Group Ltd. > News item |
S&P rates Zhenro notes B-
S&P said it assigned its B- long-term issue rating to a proposed issue of U.S. dollar-denominated senior notes by Zhenro Properties Group Ltd. (B/stable/--).
“We rate the proposed senior notes one notch below the issuer credit rating on
Zhenro to reflect structural subordination risk,” S&P said in a news release.
“The issuance may slightly improve Zhenro's capital structure as the company intends to use the proceeds to refinance existing debts,” S&P added.
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