Moody's gives Hubei United notes Baa2

Moody's Investors Service said it gave a Baa2 senior unsecured rating to the proposed dollar-denominated bonds to be sold by Hubei United Development Investment Group Co., Ltd.

The agency affirmed Hubei’s Baa2 ratings on Nov. 12.

The company plans to use the proceeds to finance eligible green projects in accordance with its green bond framework and to supplement its working capital.

The outlook is stable.

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