Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Sichuan Languang Development Co. Ltd. > News item |
S&P rates Sichuan Languang Development notes B
S&P said it assigned its B long-term issue rating to a proposed issuance of U.S. dollar-denominated senior notes by Hejun Shunze Investment Co. Ltd., an indirectly owned subsidiary of Sichuan Languang Development Co. Ltd. (B+/stable/--).
Languang unconditionally and irrevocably guarantees the notes.
S&P said it believes the company will use the proceeds to refinance its debt.
“We do not expect the issuance to have a significant impact on Languang's credit profile,” S&P said in a news release.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.