Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for Chindata Group Holdings Ltd. > News item |
Fitch rates Chindata notes BBB-
Fitch Ratings said it rated Chindata Group Holdings Ltd.’s planned dollar-denominated notes BBB- and affirmed its BBB- issuer default rating.
“The proposed notes are rated in line with Chindata's foreign-currency IDR of BBB- as prior-ranking debt in subsidiaries where the proposed notes are senior to the $500 million loan issued by wholly owned subsidiary BCPE Bridge Stack Holdco Ltd.––accounting for around 50% of Chindata's EBITDA––will be less than 3.5x EBITDA,” the agency said in a press release.
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.