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Published on 7/29/2022 in the Prospect News Emerging Markets Daily and Prospect News Green Finance Daily.

Moody’s rates Excellence bonds A1

Moody’s Investors Service said it definitively rated Excellence Commercial Management Ltd.’s $100 million of 4.3% credit-enhanced green bonds due 2025, A1.

The bonds are backed by a letter of credit from CMB Wing Lung Bank Ltd., Shenzhen Branch, which has an A1 counterparty risk assessment.


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