Moody's rates Hopson Development notes Caa1

Moody's Investors Service said it assigned a Caa1 rating to Hopson Development Holdings Ltd.'s proposed issuance of dollar-denominated senior unsecured notes.

At the same time, Moody's affirmed Hopson's B3 corporate family rating and its Caa1 senior unsecured debt rating.

The outlook is negative.

"The issuance of dollar-denominated notes will provide Hopson with proceeds to fund property development and make domestic debt repayments," Moody's analyst Jiming Zou said in a news 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.