Moody’s: Hua Han notes Ba3

Moody's Investors Service said it assigned a definitive Ba3 rating to the $150 million 7%, three-year notes due June 2019 issued by Hua Han Health Industry Holdings Ltd.

The outlook is stable.

The definitive rating on this debt obligation follows Hua Han's completion of the issuance with the final terms and conditions consistent with expectations, the agency said.

The provisional rating was assigned June 13, Moody’s said.

The proceeds will be used to support the rollout of Hua Han's expansion of its hospital management plan, including the construction of its owned hospitals, the agency explained.

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