Fitch rates Sino-Ocean notes BBB-

Fitch Ratings said it assigned Sino-Ocean Group Holding Ltd.'s planned dollar-denominated notes a rating of BBB-. The notes will be issued by Sino-Ocean Land Treasure IV Ltd., a wholly owned subsidiary of Sino-Ocean Group.

“The proposed notes are rated at the same level as Sino-Ocean Group's senior unsecured rating, as they will be unconditionally and irrevocably guaranteed by the company,” Fitch said in a press release.

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.