Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers G > Headlines for GuarantCo., > News item |
Fitch rates Sindicatum bonds AA-
Fitch Ratings said it assigned an AA- rating to Sindicatum Renewable Energy Co. Pte. Ltd.’s guaranteed PHP 1.06 billion 7.4% green bonds due 2028.
The note ratings reflect GuarantCo’s guarantee, Fitch said. The bonds are denominated in Indian rupees and Philippine pesos. However, the coupon and principal are settled in U.S. dollars using the exchange rate from six business days before the relevant payment date.
“We do not consider Sindicatum’s stand-alone credit profile in rating the notes, as the notes are fully guaranteed by GuarantCo, even in an event of bankruptcy of Sindicatum. Sindicatum is a growth-oriented independent renewable power producer with operations in south and southeast Asia,” Fitch said in a press release.
Fitch also affirmed the AA- rating on Sindicatum’s guaranteed Indian rupee green bonds, which were issued in two tranches: Rs. 951.10 million 8.6% senior notes due 2023 and Rs. 1.59 billion 9.35% senior notes due 2025.
© 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.