Fitch assigns BBB to Shanhai notes

Fitch Ratings said it gave an expected BBB rating to Shanhai (Hong Kong) International Investments Ltd.'s planned U.S. dollar notes due 2025.

The agency also assigned a BBB senior unsecured rating to Lianyungang Port Group Co., Ltd., which will guarantee the notes.

Shanhai intends to use an amount equal to the proceeds to refinance its $400 million of notes maturing in September.

The outlook is stable.

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