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S&P gives Nine Dragons notes BBB-
Standard & Poor's said it assigned its BBB- issue rating to the proposed issue of senior unsecured notes by Nine Dragons Paper (Holdings) Ltd. (BBB-/stable).
The agency said that the issue rating will be subject to its review of the final transaction documents, adding that the proceeds from the proposed issue will be used to repay existing bank loans and for expansion plans and general working capital.
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