Moody’s gives ENN Energy bond Baa2

Moody's Investors Service said it assigned a Baa2 rating to ENN Energy Holdings Ltd.’s proposed senior unsecured dollar-denominated bond.

The outlook is stable.

ENN plans to use the bond proceeds for refinancing and general corporate purposes.

"The proposed bond issuance will not materially change ENN's debt leverage, as the majority of the bond proceeds will be used for refinancing," Moody's vice president and senior analyst Ivy Poon said in a news release.

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