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Prospect News home > News index > List of issuers S > Headlines for Shuifa International Holdings (BVI) Co., Ltd. > News item |
Moody's assigns Baa2 to Shuifa bonds
Moody's Ratings said it assigned a Baa2 senior unsecured rating to the planned guaranteed bonds to be issued by Shuifa International Holdings (BVI) Co., Ltd., a wholly owned subsidiary of Shuifa Group Co., Ltd. by Shuifa Group, rated Baa2, will guarantee the bonds.
Shuifa plans to use the proceeds for refinancing the company's indebtedness and replenishing the company's working capital.
The outlook is negative.
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