Moody’s rates Sindicatum green bonds A1

Moody's Investors Service said it assigned an A1 rating to the proposed green bonds to be issued by Sindicatum Renewable Energy Co. Pte. Ltd. and guaranteed by GuarantCo.

The outlook is stable.

The proceeds from the issuance will be used to fund Sindicatum's renewable energy projects in the Philippines (Baa2 stable).

The agency said the rating assigned to Sindicatum's bonds is in line with GuarantCo's A1 issuer rating and reflects Moody's belief that the terms of GuarantCo's guarantee, which is unconditional and irrevocable, are sufficient for credit substitution.

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