Fitch rates Henan Zhongyuan bonds BB+

Fitch Ratings said it assigned Henan Zhongyuan Financial Holding Co., Ltd.’s proposed dollar-denominated senior unsecured notes an expected rating of BB+.

The notes will be direct, unconditional, unsubordinated and unsecured obligations of the company and will rank equally with its other present and future unsecured and unsubordinated obligations, the agency said.

Proceeds will be used to refinance debt and for general corporate purposes.

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