Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Y > Headlines for Yuyao Economic Development Zone Construction Investment and Development Co., Ltd. > News item |
Fitch rates Yuyao Shuncai bond BBB-
Fitch Ratings said it rated Yuyao Shuncai Investment Holding Co., Ltd.'s planned dollar-denominated bond BBB-.
Wholly owned subsidiary Yuyao Economic Development Zone Construction Investment and Development Co., Ltd., will sell the bond. The bond will be guaranteed by YSIH.
“The proposed bonds are rated at the same level as YSIH's issuer default rating (IDR) because the direct guarantee structure transfers the ultimate responsibility of payment to YSIH,” Fitch said in a press release.
The proceeds will be used for refinancing offshore bonds.
The outlook is stable.
© 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.