Moody’s assigns Beijing Enterprises bond Baa1

Moody’s Investors Service said it assigned a Baa1 rating to the proposed senior unsecured notes to be issued by Talent Yield (Euro) Ltd. The notes will be guaranteed by Beijing Enterprises Holdings Ltd., which Moody’s rates Baa1.

“The senior unsecured notes – if they are issued as planned – will not have a material impact on BEHL’s overall credit profile because the scale of the issuance will be manageable for BEHL,” said Boris Kan, a Moody’s vice president and senior credit officer, in a press release.

The proceeds will be used to refinance debt.

The outlook is stable.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.