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Fitch rates Nan Fung notes BBB
Fitch Ratings said it assigned Nan Fung Treasury Ltd.'s $300 million of 4.5% notes due 2022 a final BBB rating. The notes are unconditionally and irrevocably guaranteed by Nan Fung International Holdings Ltd. (BBB/stable).
Nan Fung's ratings reflect its established brand name, strong liquidity and financial profile, according to the agency.
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