Fitch rates Yingde notes B+

Fitch Ratings said it assigned Yingde Gases Group Co. Ltd.’s (B+/stable) proposed dollar-denominated senior unsecured notes an expected rating of B+(EXP) with a recovery rating of RR4.

The notes will be issued by Yingde Gases Investment Ltd. and unconditionally and irrevocably guaranteed by Yingde.

The rating is in line with Yingde's long-term issuer default rating.

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