S&P rates Blu Horizon notes A-

S&P said it assigned an A- rating to the $300 million fixed-rate secured notes due in 2019 issued by Blu Horizon Ltd.

The transaction employs a structure with a U.S. dollar-denominated facility agreement to support one class of U.S. dollar-denominated notes, the agency explained.

The ratings consider that Bank of Communications Financial Leasing Co. Ltd. (Bocom Leasing) is the guarantor of the facility agreement, S&P said.

Bocom Leasing's guarantee expires no earlier than the final maturity date of the facility agreement, the agency noted.

© 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.