Fitch assigns Shandong Finance notes A+

Fitch Ratings said it assigned Shandong Finance Investment Group Co., Ltd.'s planned dollar-denominated senior notes an A+. rating. Wholly owned subsidiary, SFG International Holdings Co. Ltd., will issue the notes that will be guaranteed by Shandong Finance.

The bonds are rated at the same level as Shandong Finance's issuer default rating because the direct guarantee structure transfers the ultimate responsibility of payment to Shandong Finance.

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