Moody’s rates Agricultural Bank of China notes A1

Moody’s Investors Service said it gave Agricultural Bank of China Ltd.’s upcoming two-year Hong Kong dollar-denominated senior unsecured fixed-rate notes to be issued by its Macao Branch under its U.S. $15 billion medium-term program.

The notes’ rating are in line with the bank’s long-term deposit rating. “Any changes in ABC’s long-term deposit rating will lead to a similar rating action on the rating of its senior unsecured MTN program and senior unsecured notes,” the agency said in a press release.

© 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.