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Moody's assigns Sound Global bonds B1
Moody's Investors Service said it assigned a provisional B1 rating to Sound Global Ltd.'s proposed dollar-denominated bond issuance.
At the same time, Moody's affirmed Sound Global's Ba3 corporate family rating.
The outlook is stable.
"If Sound Global's proposed issuance is successful, it will improve the company's debt maturity profile -- particularly in relation to its refinancing of convertible bonds puttable in September 2012," Moody's vice president and senior analyst Alan Gao said in a news release.
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