Moody’s rates Kunming Municipal Urban Construction notes Ba1

Moody’s Investors Service said it assigned a Ba1 senior unsecured rating to the proposed dollar-denominated notes to be issued by Kunming Municipal Urban Construction Investment & Development Co. Ltd.

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

The agency also assigned a first-time Ba1 corporate family rating to Kunming Municipal. The company is owned by the Kunming State-owned Assets Supervision and Administration Commission.

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.