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Prospect News home > News index > List of issuers P > Headlines for Pinghu State-Owned Assets Holding Group Co., Ltd. > News item |
Fitch rates Pinghu State-Owned notes BBB-
Fitch Ratings said it assigned Pinghu State-Owned Assets Holding Group Co., Ltd.'s planned U.S. dollar notes a rating of BBB-.
“The proposed notes will constitute PSAG's direct, unconditional, unsubordinated and unsecured obligations and will rank pari passu with its other unsecured and unsubordinated obligations. Hence, the notes are rated at the same level as PSAG's issuer default rating,” Fitch said in a press release.
The proceeds will be used for construction of certain projects and replenishing working capital.
The outlook is stable.
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