Moody’s gives Sunac China notes B3

Moody's Investors Service said it assigned a B3 senior unsecured rating to Sunac China Holdings Ltd.'s (B2 stable) proposed dollar-denominated notes.

The outlook is stable.

The company plans to use the proceeds to refinance existing debt and for other general corporate purposes.

"The proposed notes are unlikely to materially impact Sunac's debt leverage because we expect the company will mainly use the proceeds to refinancing existing debt," Franco Leung, Moody's senior vice president and the lead analyst for Sunac, 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.