Moody’s assigns Greenland Holding notes Ba2

Moody’s Investors Service said it assigned a Ba2 rating to the proposed senior unsecured dollar-denominated notes to be issued by Greenland Global Investment Ltd. The notes will be issued under Greenland Global’s medium-term note program, which is guaranteed by Greenland Holding Group Co. Ltd.

“The proposed notes will lengthen Greenland Holding’s debt maturity profile without materially impacting its credit metrics because the proceeds will mainly be used to refinance its existing debt,” says Danny Chan, a Moody’s assistant vice president and analyst, who is also the lead analyst for Greenland Holding, in a press release.

The outlook is stable.

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