Fitch rates Yango green bonds B+

Fitch Ratings said it gave Yango Group Co., Ltd.'s planned dollar-denominated green bonds a B+ with a an RR4 recovery rating. The notes will be issued by its wholly owned subsidiary, Yango Justice International Ltd.

“The notes are rated at the same level as Yango's senior unsecured rating, as they will be unconditionally and irrevocably guaranteed by the company,” Fitch said in a press release.

The outlook is stable.

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