Fitch rates Wanda notes BB+

Fitch Ratings said it assigned a rating of BB+ to Dalian Wanda Commercial Management Group. Ltd. Co.’s proposed dollar-denominated senior unsecured notes, which will be issued by its wholly owned subsidiary, Wanda Properties Overseas Ltd.

The proposed notes are rated at the same level as Wanda Commercial’s senior unsecured rating, as they will be guaranteed by its wholly owned subsidiaries Wanda Commercial Properties (Hong Kong) Co. Ltd., Wanda Real Estate Investments Ltd. and Wanda Commercial Properties Overseas Ltd. In addition, Wanda Commercial has granted a keepwell deed and a deed of equity interest purchase undertaking to ensure the issuer has enough assets and liquidity to meet its note obligations.

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