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Prospect News home > News index > List of issuers Y > Headlines for Yangzhou Urban Construction State-owned Assets Holding (Group) Co., Ltd. > News item |
Fitch rates Yangzhou Urban notes BBB
Fitch Ratings said it rated Yangzhou Urban Construction State-owned Assets Holding (Group) Co., Ltd.'s proposed dollar-denominated senior unsecured notes a rating of BBB.
The notes are rated at the same level as the company’s issuer default ratings because they constitute direct, unconditional, unsubordinated and unsecured obligations and will rank equally with all the company’s other unsecured and unsubordinated obligations, Fitch said.
The proceeds will be used to refinance debt.
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