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Fitch rates China Jianyin notes A+
Fitch Ratings said it assigned China Jianyin Investment Ltd.'s (A+/stable) proposed dollar senior notes an expected rating of A+.
The notes will be issued by the company’s offshore special-purpose entity, Xingsheng (BVI) Co. Ltd.
The proposed notes will be unconditionally and irrevocably guaranteed by JIC Leasing Co., Ltd., a 75% owned subsidiary of China Jianyin Investment.
“The proposed notes will be JIC Leasing's senior unsecured obligations and rank pari passu with all its other obligations,” the agency said in a news release.
“Note proceeds will be used to refinance debt and for general corporate purposes.”
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