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Prospect News home > News index > List of issuers S > Headlines for Shanghai Electric Group Global Investment Ltd. > News item |
S&P rates Shanghai Electric notes A
S&P said it assigned an A rating to the proposed offering of dollar-denominated senior unsecured notes to be guaranteed by Shanghai Electric (Group) Corp. The company’s special purpose vehicle Shanghai Electric Group Global Investment Ltd. will sell the notes.
Proceeds will be used to refinance offshore debt and for general corporate purposes.
The outlook is negative.
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