Moody’s rates Meinian Onehealth bonds Ba2

Moody's Investors Service said it assigned a Ba2 senior unsecured rating to the proposed bonds to be issued by Mei Nian Investment Ltd., a subsidiary of Meinian Onehealth Healthcare Holdings Co., Ltd. (Ba2 stable).

The outlook is stable.

The proceeds from the proposed issuance will be used for Meinian Onehealth's refinancing, equity investments and general corporate purposes.

“The proposed bond issuance will not impact Meinian Onehealth's Ba2 corporate family rating or stable rating outlook, because the majority of the proceeds will be used to refinance existing debt,” Gerwin Ho, Moody's vice president and senior credit officer, said in a news release.

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