Fitch rates Kaisa Group notes B

Fitch Ratings said it assigned Kaisa Group Holdings Ltd.'s (B/stable) proposed dollar senior notes an expected rating of B with a recovery rating of RR4.

The proposed notes will be used to refinance medium- to long-term offshore debt, which is due within one year.

The proposed notes are rated at the same level as Kaisa's senior unsecured rating as they will constitute its direct and senior unsecured obligations, Fitch said.

© 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.