Moody's gives Sunac China notes B1

Moody's Investors Service said it assigned a Ba3 corporate family rating to Sunac China Holdings Ltd.

Moody's also assigned a provisional B1 to Sunac's proposed U.S. dollar-denominated senior unsecured notes.

The outlook is stable.

The company plans to use the proceeds from the proposed issuance for debt refinancing and general corporate purposes.

"The Ba3 corporate family rating reflects Sunac's strong sales execution in particular regions of the Chinese property market, which is now subject to regulatory measures," Moody's assistant vice president and analyst Franco Leung said in a news release.

© 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.