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Prospect News home > News index > List of issuers S > Headlines for Shandong Guohui Investment Holding Group Co., Ltd. > News item |
Fitch rates Shandong Guohui bond BBB+
Fitch Ratings said it assigned Shandong Guohui Investment Holding Group Co., Ltd.'s planned senior unsecured notes a BBB+ rating. The notes will be issued by Shandong Guohui's 98.23%-owned subsidiary, Hanhui International Ltd., and will be guaranteed by Shandong Guohui.
“The proposed notes are rated at the same level as Shandong Guohui's issuer default rating (IDR), because the direct guarantee structure transfers the ultimate responsibility of payment to Shandong Guohui,” Fitch said in a press release.
Shandong will use the proceeds to refinance the company's offshore indebtedness and leasing projects.
The outlook is stable.
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