Moody's rates AVIC notes Baa3

Moody's Investors Service said it assigned a Baa3 issuer rating to AVIC International Holding Corp. and a provisional Baa3 senior unsecured rating to the proposed in dollar-denominated notes to be issued by AVIC International Finance & Investment Ltd. and guaranteed by AVIC International.

The outlook is stable.

"The Baa3 rating reflects AVIC International's standalone credit strength, and a four-notch uplift based on our expectation that the company would receive a high level of support from its parent, Aviation Industrial Corporation of China (AVIC, unrated), in a stress situation," Moody's vice president and senior analyst Alan Gao said in a news release.

© 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.