Fitch assigns Zhejiang Energy notes A+

Fitch Ratings said it assigned Zhejiang Provincial Energy Group Co. Ltd.'s proposed dollar-denominated senior unsecured bonds an A+ rating.

The bonds will be issued by its wholly owned subsidiary, Zhejiang Energy International Ltd. under its dollar-denominated medium-term note program, which is rated A+.

The proceeds will be used for refinancing and general corporate purposes.

The outlook is stable.

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