Fitch rates KWG Group notes BB-

Fitch Ratings said it assigned KWG Group Holdings Ltd.'s (BB-/stable) proposed dollar senior notes a BB- expected rating.

The proposed notes are rated at the same level as KWG's senior unsecured rating because they will constitute its direct and senior unsecured obligations, the agency said.

“KWG's ratings are supported by its quality and sufficient land bank, strong brand recognition in higher-tier cities across China, consistently robust profitability, strong liquidity and healthy maturity profile,” the agency said in a news release.

© 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.