Moody’s rates Sunac China notes B2

Moody's Investors Service said it assigned a B2 senior unsecured rating to Sunac China Holdings Ltd.'s (B1 positive) proposed dollar notes.

The company plans to use the proceeds from the issuance to refinance existing debt.

“The proposed notes will have a limited impact on the company's leverage, because the proceeds will be used to refinance its existing debt,” Danny Chan, Moody's analyst and the lead analyst for Sunac, said in a news release.

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