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Published on 3/23/2022 in the Prospect News Emerging Markets Daily and Prospect News Green Finance Daily.

Fitch rates Zhuzhou City bonds BBB-

Fitch Ratings said it assigned Zhuzhou City Construction Development Group Co., Ltd.'s planned dollar-denominated senior unsecured bonds a rating of BBB-.

Zhuzhou City’s outstanding $400 million of 5.7% bonds mature on May 24. Fitch also rates this bond BBB-.

Zhuzhou City intends to use the proceeds for refinancing maturing debt.

The outlook is stable.


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