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Published on 6/16/2020 in the Prospect News Emerging Markets Daily.

Fitch rates CNPC notes A+

Fitch Ratings said it assigned China National Petroleum Corp.’s proposed dollar-denominated senior unsecured guaranteed bonds a rating of A+.

The guaranteed bonds will be issued by its wholly owned subsidiary, CNPC Global Capital Ltd., which is guaranteed by CNPC.

Proceeds are for general corporate and refinancing purposes.


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