Fitch rates Wens Foodstuff notes BBB+

Fitch Ratings said it assigned Wens Foodstuff Group Co., Ltd.’s proposed U.S. dollar senior notes a BBB+ rating.

“The notes, to be issued directly by Wens, are rated at the same level as Wens’ senior unsecured rating as they will constitute the company’s direct and senior unsecured obligations,” Fitch said in a press release.

The proceeds will be used to fund working capital, capital expenditures and debt repayment.

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