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Moody's gives Sino-Ocean notes Baa3
Moody's Investors Service said it gave a Baa3 rating to the senior unsecured notes to be issued by Sino-Ocean Land Treasure IV Ltd. and guaranteed by Sino-Ocean Group Holding Ltd.
The Baa3 rating on the proposed notes reflects the guarantee from Baa3-rated Sino-Ocean Group, Moody’s said.
Sino-Ocean Group plans to use the proceeds mainly to refinance debt.
The outlook is stable.
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