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Prospect News home > News index > List of issuers L > Headlines for Lanzhou Construction Investment (Holding) Group Co., Ltd. > News item |
Moody's assigns Baa3 to Lanzhou Construction notes
Moody's Investors Service said it assigned a Baa3 rating to the planned dollar-denominated notes to be sold by a Lanzhou Construction Investment (Holding) Group Co. Ltd. subsidiary.
Lanzhou will unconditionally guarantee the notes that will be sold by City Development Company of Lanzhou.
Proceeds will be used for onshore projects development, debt refinancing and general corporate purposes.
Moody’s also assigned a first-time rating of Baa3 to Lanzhou Construction.
The outlook is stable.
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