Moody’s assigns Blue Bright bonds A3

Moody’s Investors Service said it assigned an A3 backed local-currency rating to Blue Bright Ltd.’s dollar-denominated senior unsecured bonds guaranteed by AVIC Capital Co., Ltd., which Moody’s rates A3.

Blue Bright is an indirect wholly-owned subsidiary of AVIC Capital.

The A3 senior unsecured rating of Blue Bright is at the same level as AVIC Capital’s A3 issuer rating because AVIC Capital will guarantee the bonds, Moody’s said.

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