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Prospect News home > News index > List of issuers O > Headlines for Orient Zhisheng Ltd. > News item |
Moody’s rates Orient notes Baa2
Moody's Investors Service said it assigned a backed senior unsecured Baa2 rating to Orient Zhisheng Ltd.’s planned dollar-denominated senior unsecured bonds, guaranteed by Orient Securities Co. Ltd. The agency rates the guarantor Baa2.
The issuer is a unit of Orient Finance Holdings, which is owned by Orient Securities.
Orient Zhisheng plans to use the proceeds to refinance Orient Securities' offshore indebtedness.
The outlook is stable.
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