Fitch assigns Guangzhou Metro bond A+

Fitch Ratings said it assigned Guangzhou Metro Group Co., Ltd.'s proposed dollar-denominated senior unsecured notes a rating of A+. Fitch rates Guangzhou A+.

The planned notes will be guaranteed by the company and sold by its subsidiary, Guangzhou Metro Investment Finance (BVI) Ltd., under its $3 billion medium-term note program.

Proceeds will be used for the repayment of offshore debt.

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