Moody’s assigns State Power notes A2

Moody’s Investors Service said it assigned an A2 senior unsecured rating to the proposed drawdown under State Power Investment Corp. Ltd.’s multi-issuer medium-term note program. SPIC MTN Co. Ltd. will sell the notes and State Power Investment will guarantee them.

Moody’s rates State Power Investment A2. Since State Power Investment will guarantee the notes and they will rank equally with its other unsecured and unsubordinated debt, Moody’s said it assigned an A2 rating to the notes.

State Power Investment will use the proceeds for working capital, refinancing and general corporate purposes.

The outlook is stable.

© 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.