Moody's gives Amipeace notes A1

Moody's Investors Service said it assigned an A1 rating with a stable outlook to the proposed U.S. dollar-denominated fixed-rate notes to be issued by Amipeace Ltd.

The tenor of the notes will be either three or five years.

The notes will be issued under a medium-term note program guaranteed by the Bank of China's (A1, stable) Macao branch. The guarantee constitutes a direct, unsubordinated, unconditional and unsecured obligation of the branch.

"The A1 rating is in line with BOC's foreign currency senior unsecured debt rating and reflects both the structure of the proposed issuance and BOC's A1 long-term deposit rating," Moody's vice president and senior credit officer Christine Kuo said in a news release.

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