Moody’s rates Guangzhou Metro notes A3

Moody's Investors Service said it assigned A3 senior unsecured ratings to Guangzhou Metro Investment Finance (BVI) Ltd.’s $400 million 2 7/8% three-year guaranteed notes due Dec. 3, 2018 and $200 million 3 3/8% five-year guaranteed notes due Dec. 3, 2020, under the issuer's $3 billion medium-term note program.

The outlook is stable.

Moody's ratings on the two drawdowns from the issuer's program follow Guangzhou Metro Investment Finance (BVI)'s completion of its dollar-denominated guaranteed notes, the final terms and conditions of which are consistent with Moody's expectations.

The provisional A3 rating of the program was assigned on Nov. 20, and Moody's ratings rationale was set out in a press release published on the same day.

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