Moody's rates China Development notes A1

Moody's Investors Service said it assigned an A1 rating to the proposed CNY-denominated three-year fixed-rate senior unsecured notes to be issued by China Development Bank Hong Kong Branch. The outlook is stable.

“The notes' A1 rating and stable outlook are in line with CDB's senior unsecured debt rating and outlook, and reflect the structure of the proposed issuance,” the agency said in a press release.

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