Fitch rates SF notes A-

Fitch Ratings said it assigned a rating of A- to SF Holding Investment Ltd.'s proposed dollar-denominated senior unsecured notes. SF Holding is wholly owned by S.F. Holding Co., Ltd. The notes will be guaranteed by S.F. and are rated at the same level as its senior unsecured rating as they will constitute its direct and senior unsecured obligations.

The rating mirrors S.F.'s strong business profile as China's leading express delivery service company. The company's expansion into diversified logistics services, such as heavy cargo and cold-chain delivery capabilities, also provides high visibility on growth in new segments, Fitch said.

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