Moody's: Talent Yield notes Baa1

Moody's Investors Service said it assigned a Baa1 rating for the proposed senior unsecured notes to be issued by Talent Yield Investments Ltd. and guaranteed by Beijing Enterprises Holdings Ltd.

Moody's also affirmed Beijing Enterprises' Baa1 issuer rating.

The outlook is stable.

"After the proposed bond issuance, Beijing Enterprises' debt leverage - on a pro forma basis, as measured by debt/total capitalization - will remain at around 35%-40%, which is within the current Baa1 range," Moody's vice president and international analyst for Beijing Enterprises Ivan Chung said in a news release.

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