Moody’s: Goldwind bonds A1

Moody’s Investors Service said it assigned a provisional A1 rating to the credit enhanced bonds to be issued by Goldwind New Energy (HK) Investment Ltd.

The bonds will be supported by an irrevocable and standby letter of credit from Bank of China Ltd., Macau branch.

The long-term counterparty risk assessment assigned to Bank of China is A1(cr).

The bond rating addresses the expected loss posed to investors by the legal final maturity, Moody’s said.

The issuer, Goldwind New Energy, is a limited liability company. It is an indirectly, wholly owned subsidiary of Xinjiang Goldwind Science & Technology Co., Ltd.

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