S&P gives ENN Energy notes BBB

S&P said it assigned its BBB long-term issue rating to the dollar-denominated senior unsecured notes ENN Energy Holdings Ltd. plans to sell.

“We rate the senior unsecured notes the same as the issuer credit rating on ENN Energy because we do not view the company’s capital structure as having significant structural or contractual subordination risks,” S&P said in a press release.

ENN Energy intends to use the proceeds for debt refinancing and funding of eligible green projects under its green finance framework.

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