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Moody’s confirms A2 on GF bonds
Moody's Investors Service said it confirmed the A2 rating on the $300 million of 1.125% credit-enhanced bonds issued by GF Financial Holdings BVI Ltd.
This rating action concludes the review for downgrade initiated on Dec. 8, the agency said.
The bonds are supported by an irrevocable standby letter of credit from Nanyang Commercial Bank, Ltd.
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