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Prospect News home > News index > List of issuers S > Headlines for Shaoxing Keqiao District State-owned Assets Investment and Management Group Co. Ltd. > News item |
Fitch rates Shaoxing Keqiao bond BBB
Fitch Ratings said it rated Shaoxing Keqiao District State-owned Assets Investment and Management Group Co. Ltd.'s planned senior unsecured bonds BBB. The bonds will be issued by Keqiao (HK) International Investment Co., Ltd., a subsidiary wholly and directly owned by Shaoxing Keqiao. Shaoxing Keqiao will guarantee the bonds, which will rank equally with all its other unsecured and unsubordinated obligations.
The agency assigned a BBB issuer rating to Shaoxing Keqiao in January.
Proceeds will be used for project construction and replenishing working capital.
The outlook is stable.
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