Moody's rates BOSC International bonds A1

Moody's Investors Service said it assigned a definitive A1 rating to the $500 million 3 1/8% credit enhanced bonds due in 2021 issued by BOSC International (BVI) Ltd.

The bonds are supported by an irrevocable standby letter of credit from China Construction Bank Corp., Hong Kong branch, which has been assigned a long-term counterparty risk assessment of A1(cr), Moody's said.

The rating on the bonds addresses the expected loss posed to investors by the legal final maturity date, the agency said.

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