Fitch gives Beijing Environment notes BBB+

Fitch Ratings said it gave Beijing Environment Sanitation Engineering Group Co., Ltd.'s planned dollar-denominated notes a BBB+. The notes will be issued by the company’s indirect wholly owned subsidiary, Beijing Environment (BVI) International Co., Ltd. The parent will guarantee the notes.

BESG will use the proceeds to refinance its $225 million of notes due next month.

Fitch rates BESG BBB+ with a stable outlook.

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