Moody’s gives Zhongyuan Yuzi notes A2

Moody’s Investors Service said it gave an A2 senior unsecured rating to the proposed dollar-denominated notes to be issued by Zhongyuan Zhicheng Co., Ltd. The notes will be guaranteed by parent Zhongyuan Yuzi Investment Holding Group Co., Ltd., which Moody’s rates A2.

Zhongyuan Yuzi will use a part of the proceeds to refinance its offshore debt due within one year and the rest to invest in low-income housing, infrastructure and manufacturing projects in Henan.

The stable outlook on Zhongyuan Zhicheng reflects the stable outlook on Zhongyuan Yuzi.

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