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Prospect News home > News index > List of issuers Z > Headlines for Zhejiang Baron (BVI) Co. Ltd. > News item |
Fitch rates Hangzhou Jianggan notes BBB-
Fitch Ratings said it assigned Hangzhou Jianggan District Urban Construction & Comprehensive Development Co., Ltd.’s proposed dollar-denominated senior notes a rating of BBB-.
The proposed notes will be sold by the company’s wholly owned subsidiary, Zhejiang Baron (BVI) Co. Ltd., and will be unco guaranteed by Hangzhou Jianggan.
“The proposed bonds are rated at the same level as HJUC’s issuer default rating because the direct guarantee structure transfers the ultimate responsibility of payment to HJUC,” Fitch said in a press release.
Proceeds will be used for general corporate purposes and refinancing.
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