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Fitch Rates Avic notes A-
Fitch Ratings said it assigned an expected rating of A- to AVIC International Leasing Co., Ltd.'s proposed senior unsecured dollar-denominated notes issued under Soar Wise Ltd.'s $2 billion medium-term note program, which Fitch rates A-.
Soar Wise is AVIC’s wholly owned offshore special purpose vehicle, registered in the Cayman Islands. AVIC will guarantee the notes.
The proceeds will be used for the refinancing maturing obligations and providing financing for leasing projects.
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