Moody’s rates Sunac China notes B1

Moody’s Investors Service said it assigned a B1 rating to the proposed senior unsecured dollar notes to be issued by Sunac China Holdings Ltd. (Ba3 stable).

The outlook is stable.

The company plans to use the proceeds from the issuance mainly to refinance existing debt.

“The proposed issuance will not have a material impact on Sunac's credit metrics, because the proceeds will mainly be used to refinance existing debt,” Danny Chan, Moody's assistant vice president and analyst, said in a news release.

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