S&P rates E-House notes BB

S&P said it assigned its BB long-term issue rating to E-House (China) Enterprise Holdings Ltd.’s proposed dollar-denominated senior unsecured notes.

“We equalize the issue rating with the issuer credit rating on E-House because the proposed notes are not significantly subordinated to other debt in the company’s capital structure,” said S&P in a press release.

Proceeds will be used for refinancing debt and for general corporate purposes.

The outlook is stable.

© 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.