Fitch keeps Henan Water at A-

Fitch Ratings has affirmed China-based Henan Water Conservancy Investment Group Co., Ltd.'s long-term foreign- and local-currency issuer default ratings at A-.

The outlook is stable.

Fitch has also affirmed the company’s $500 million 2.8% senior unsecured notes due 2025 at A-.

The bonds were issued directly by Henan Water and are rated at the same level as its issuer default rating as they constitute its direct, unconditional, unsubordinated and unsecured obligations and rank pari passu with all its other senior unsecured obligations.

Henan Water is fully owned and controlled by the Henan government, which appointed it as the sole provincial-level water infrastructure asset investment, development and operational vehicle.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.