Fitch rates Beijing Capital green notes BBB

Fitch Ratings said it assigned Beijing Capital Polaris Investment Co., Ltd.'s $1 billion medium-term note program a BBB rating.

The notes issued by Beijing Capital Polaris under the program will be unconditionally and irrevocably guaranteed by Beijing Capital Group Co. Ltd. (BBB/stable).

Fitch also assigned a rating of BBB to the proposed dollar senior green bonds to be issued by Beijing Capital Polaris under the program.

The proceeds of the notes will be mainly used to refinance the eligible green assets as described under the green bond framework and green finance framework as published on BCG's website.

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