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Prospect News home > News index > List of issuers K > Headlines for Kangde Xin Composite Material Group Co., Ltd. > News item |
Fitch rates Kangde Xin's notes BB
Fitch Ratings said it assigned Top Wise Excellent Enterprise Co., Ltd.'s $300 million 6% senior notes due 2020 a final rating of BB. Top Wise Excellent Enterprise is a fully owned subsidiary of Kangde Xin Composite Material Group Co., Ltd. (KDX), and the proposed notes are unconditionally and irrevocably guaranteed by KDX.
The notes are rated as the same level as KDX's senior unsecured debt rating as they represent direct, unconditional, unsecured and unsubordinated obligations of the company.
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