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Moody’s assigns B2 to Zhongliang’s notes
Moody’s Investors Service said it assigned a B2 rating to Zhongliang Holdings Group Co. Ltd.’s proposed senior unsecured dollar-denominated notes.
Proceeds will be used for refinancing.
“The proposed bond issuance will not materially change Zhongliang's credit metrics in the next 12 to 18 months, and will help address its short-term refinancing needs,” says Cedric Lai, a Moody's vice president and senior analyst, in a news release.
The outlook is stable.
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